Buffett is having none of that. “In terms of the economy,” he said on CNBC, “the luckiest person born in the history of the world is the baby being born in the United States
I mean, in terms of the outlook for their lives, they are going to live better than John D. Rockefeller lived or better than I lived.”
Buffett has said that you could sit down at the start of every year and list 20 reasons why things are terrible
“But the truth is, this economy works wonderfully
It’s working wonderfully now. I mean, it isn’t working for everybody at this moment, and it’s coming back from a terrible shock that it received in the fall of 2008.”
On CNBC, Buffett said that the U.S. financial crisis in 2008 was an “economic Pearl Harbor.”
He said the country had never seen this kind of financial panic before
“The country almost stopped,” Buffett said. “And that financial panic bled over into the general economy very quickly and very severely
And we’ve been coming back now for three years from that, and we continue to come back.
But I will predict that our businesses will have more people working for them at the end of this year than at the start of the year.”
Accordingly, Buffett is a big believer in stocks, though he noted that October 2008 was a better time to buy than now. Yet investors have to look ahead. Said Buffett:
“This is a better time [to buy stocks] than 10 years from now will be.”
Buffett also believes it’s a great time to buy a home
“I’d finance it with a 30-year mortgage, and it’s a terrific deal,” he said.
Believe the optimists or the pessimists?
The answer is to believe in yourself
Every day you’ll get conflicting views of the state of the world. No one really knows, so make your own informed, thoughtful decision
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