Warren Buffett is Bullish on the United States

Warren Buffett is bullish on the United States. “It is not a smart thing to sell the United States short,” he told an audience in Canada.

We do not like to contradict the greatest investor who ever lived. But selling the U.S. short has been a pretty good investment for the last eight years. Against the euro, the American I.O.U. dollar has gone from about 90 cents to $1.45 – a loss of about 60%.

Against gold… well, you know the numbers… the U.S. money has lost about 15% per year. And U.S. companies, in real, inflation-adjusted terms, are down about 25%.

Since George W. Bush entered the White House, an investor would have been much better off in almost any other country – Brazil, for example… or Europe… or China.

But maybe the Sage of Omaha knows something we don’t know. Maybe he knows that the trend of the last eight years has now come to an end. Maybe the United States is oversold… and ready for a remarkable comeback.

Anything is possible, dear reader, anything is possible.

Bill Bonner
Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

Latest posts by Bill Bonner (see all)

Leave a Reply

2 Comments on "Warren Buffett is Bullish on the United States"

Notify of
Sort by:   newest | oldest | most voted

Warren Buffet lost a lot of money a few years ago betting against the dollar, I think he’s bitter now

http://www.nationalpost.com/news/story.html?id=291469 That’s got more of Buffett’s quotes. Unfortunately Buffett has become somewhat of a figurehead and has to watch what he says these days. People hang on every word he says, and that has implications, both for himself and his powerful friends. If you want to read something a lot closer to his actual thoughts on things when he was on the way up and still a nobody, his letters to shareholders from 1977 or so are excellent. They are available on his site. “Just think about how silly it would have been to be anything other than a bull… Read more »
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@marketsandmoney.com.au