Posted on 02/27/2021 8:20:14 PM PST by Olog-hai
Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday.
Buffett hardly even addressed the coronavirus that ravaged many businesses last year, instead focusing on the long-term prospects for the railroad, utility and insurance businesses and stocks that belong to Berkshire Hathaway. But he said U.S. business will thrive over time in spite of the pandemic.
“In its brief 232 years of existence, however, there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking,” Buffett wrote. …
(Excerpt) Read more at apnews.com ...
Buffett is all about what’s best for Buffett. And he holds large positions in American companies. So what’s he gonna say, “Don’t invest in America”?
I just hope Warren gives us Freepers a little heads-up before the next crash. I’m sure he’ll know before the rest of us.
As he supports China Joe? Give me a break.
It’s coming. Timing is the question. Gasoline will be $3-4 this summer.
“Climate change” policies will start to suppress business
Good times
Buffet is a crackpot, like Gates and the Fauch.
> “Climate change” policies will start to suppress business <
Climate change policies, over-regulation, and inflation - all will have the expected effect. Yet Buffett is all smiles about Biden’s America. I wonder what financial moves Buffett is making in secret.
It’s called the kickbacks Biden gave him from canceling the Keystone pipeline
What a piece of crap.
Bingo.....
The bet was that CornPop would shut down the Keystone Pipeline so his railroad could start transporting all that oil again. Estimates say that the pipeline could transport the oil at $10/day per barrel. Buffett’s trains do it at 5x that.
When that oil first started coming south, the DOT allowed the railroads to purpose what they could to move it until an approved tank car was developed. Once done, he dropped about $100,000,000 on cars.
Guess it’s old news but he was one of Soetero’s daddies, was he not?
He knows a crash is coming.
IOW, he’s unloaded some Apple stock, now he wants some marks to invest in the turkey “value” stocks he’s been sitting on for years.
Buffett lost any credibility when he embraced the Kenyan Usurper years ago. I’m at least happy that he used to be the coolest guy (remember the comparisons between him and Gates) but now he’ll be buried in the dustbin of history compared to the Fascist big tech founders of the past 20 years.
Throw in the large amount of Berkshire buybacks for the past filing and ya see he is very confident in the markets going forward.
But without the pipeline...
His railroad will be getting all of that oil that would have traveled via the Keystone pipeline. Because it;s for the environment, donchaknow.
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