FILE PHOTO: Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking/File Photo
Warren Buffett.
  • Warren Buffett can navigate whatever the US economy throws at him, investor Steven Check says.
  • Berkshire Hathaway can rake in tidy returns from Treasuries, or snag deals in a recession, he says.
  • Check isn't sure if the US consumer is tapping out or just spending money outside of Berkshire.

Whether the US economy keeps roaring and interest rates stay high, or a recession strikes and asset prices tumble, Warren Buffett's Berkshire Hathaway is well placed to profit, one longtime shareholder has said.

Buffett's company is "purpose-built to withstand economic shocks," Steven Check told Insider this week.