Leave it to Warren Buffet to be the biggest America bull. The legendary billionaire investor gave a pep talk on our country's prospects to investors in his annual shareholder's letter, arguing that the nation's “best days lie ahead” and pledged to pour record amounts of money into the US economy. He's already put his money where his mouth is. His $26.6 billion purchase of Burlington Northern Santa Fe railroads in late 2009 has worked out well, and Buffet says he'll spend $8 billion on other such deals this year.
But what, exactly, is Buffet buying? I'd argue that it's not so much the prospects of our country as a whole, but rather, the ability of our best companies to sell more and more of their goods and services overseas. Here's why:
Read more: http://curiouscapitalist.blogs.time.com/2011/02/28/is-buffet-betting-on-america-or-just-its-exports/#ixzz1FM9rMfpl
No comments:
Post a Comment