“Money is always there, but the pockets change.”
-Gertrude Stein-

In his latest Shareholder letter, Warren Buffet – admiringly known as the “Oracle of Omaha” and the architect-in-chief of Berkshire Hathaway, one of the world’s most prolific conglomerates – asserts that no one should ever bet against America. In only 240 years, Americans have built and fine-tuned an economic machine that has allowed its citizens to amass wealth totaling $90 trillion.

Even in time of economic distress, economic capital is not lost; it is merely re-positioned. Buffet uses the quote above to support his position.

Buffett concedes that America’s economic dynamism – not merely managerial acumen – will materially increase Berkshire’s earnings. “Americans have combined human ingenuity, a market system, a tide of talented and ambitious immigrants, and the rule of law to deliver abundance beyond any dreams of our forefathers.”

Click below to read his most recent letter and enjoy the insights from one of our nation’s greatest business and investment leaders. We hope it will give you a fresh perspective – reasons to be optimistic about America’s economic future.

2016 Berkshire Hathaway Letter