Buffett is All-In on America’s Future
November 4, 2009
“We wouldn’t be putting out the equivelant of $34 billion unless I felt there’s a lot of good years for America. America’s best years lie ahead. There’s no question about that.”
Those were the first words I heard this morning, faintly, as my daily CNBC tv wake up call pulled me away from my sleep. There was absolutely no need for a snooze button today. (You can watch the very same clip, above.)
Quoted is Warren Buffett who, for the first time, is seeing a bounce back (however, not very much) in his businesses. Buffett had repeatedly stated that although his businesses had “quit going down” they were yet showing “no bounce.” He made headlines this morning after agreeing to the biggest bet of his career, a purchase of Burlington Northern for $26.3 Billion. The railroad purchase reflects Buffett’s long-term optimism of the US economy.
Although Buffett is largely optimistic he states that he sees substantial growth in the coming years, not months.
http://www.cnbc.com/id/33603477/print/1/displaymode/1098/
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