I saw nothing in there that indicated he knew which way the wind was blowing, only economic platitudes, most of them old.
As many of you are aware Warren is a humble self-made billionaire that has been successful by being consistent and focused on what he is good at; finding good companies that have good management and healthy financial statements.
Most of them bought at bargain basement prices because the heirs had to sell after the founder died, all because of the Death Tax supported by WB. His main source of capital is selling life insurance, the proceeds from which are tax exempt. A nice little parlay for WB.
He cares not one wit for the rest of us.
“His main source of capital is selling life insurance, the proceeds from which are tax exempt. A nice little parlay for WB. He cares not one wit for the rest of us.”
Warren Buffet and Berkshire did quite well before he got involved in Geico and Reinsurance.
He cares not wit for the rest of us? What’s that about? Why should he? He’s just a guy who makes great long term investments and has stuck with his strategy. It’s not a secret. There’s plenty of books outlining what he and Charley have done.