Warren Buffett participates in the newspaper tossing challenge during the Berkshire Hathaway Annual Shareholders Meeting at the CenturyLink Center in Omaha, Neb., Saturday. (Reuters)

A Donald Trump presidency wouldn’t be the blow to U.S. business that some fear, according to Warren Buffett, chairman and chief executive of Berkshire Hathaway.

“If either Donald Trump or Hillary Clinton becomes president, and one of them is very likely to be, I think Berkshire will continue to do fine,” Buffett, 85, said at the company’s annual shareholders meeting Saturday in Omaha.

The outcome of November’s presidential election is unlikely to change the fact that the United States is a “remarkably attractive place in which to conduct a business,” said Buffett, who in December endorsed Clinton (D) at a rally in Omaha. U.S. companies have enjoyed “terrific” returns on equity despite a sustained period of ultra-low interest rates, he added.

Trump and Clinton are their parties’ respective front-runners in a campaign that has exposed discontent with Washington insiders, anger over global trade deals, frustration with Wall Street and furor over the growing gap between rich and poor. At the same time, each candidate’s unfavorable rating exceeds 50 percent, a historically high figure at this late stage in the primary season.

Buffett, who has criticized Trump in the past and scorned politicians’ pessimism about the country, looked past the current voter angst for a longer view of U.S. economic prospects.

View Graphic Donald Trump vs. Hillary Clinton on the issues

“Twenty years from now, there’ll be far more output per capita in the United States in real terms than there is now. In 50 years, it’ll be far more,” Buffett said. “No presidential candidate or president is going to end that. They can shape it in ways that are good or bad, but they can’t end it.”

Asked how a Trump presidency might affect Berkshire’s business, he replied, “That won’t be the main problem.” He did not elaborate.

The son of a former Republican congressman, Buffett is courted by Democratic politicians who seek to benefit from his credibility among the economic elite and advocacy for the middle class and poor.

The billionaire has championed Democratic causes, including abortion rights and increased taxes on the wealthy, through his career. When he threw his support behind Clinton, he praised her commitment to the less affluent, and he has helped her raise campaign funds. In his annual letter in February, Buffett said Americans shouldn’t be misled by politicians’ declarations that the nation is in decline.

“As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do,” Buffett wrote at the time. “That view is dead wrong: The babies being born in America today are the luckiest crop in history.”

For years, Buffett has expressed optimism about the economic potential of the United States and backed up his remarks with tens of billions of dollars in investments. Most of the companies he has acquired over the past five decades are based in the country.