Leslie Picker discusses in her article Warren Buffet’s annual letter to shareholders, which regards children being born today as “the luckiest crop in history.” He further elaborates on the current economy and the state of his company.
The article beings as follows:
Warren E. Buffett took aim on Saturday at the “negative drumbeat” of this year’s presidential campaign, saying that the view that children today would not live as well as their parents was “dead wrong.”
In his annual letter to shareholders, the billionaire investor — who has endorsed Hillary Clinton for president — wrote that “the babies being born in America today are the luckiest crop in history.”
Employing his typical folksy humor and optimism, Mr. Buffett’s letter discussed such themes as income inequality, climate change, efficiency and prosperity, as well as investments like BNSF Railway and Kraft Heinz.
“For 240 years it’s been a terrible mistake to bet against America, and now is no time to start,” he wrote. “America’s golden goose of commerce and innovation will continue to lay more and larger eggs.”
Mr. Buffett cautioned, though, that while the “pie to be shared by the next generation will be far larger than today’s,” the way it is divided will “remain fiercely contentious.” Many of the negative effects of innovation and greater efficiency tend to harm the worker, he said.
Read the full article here: Warren Buffet, in Annual Letter, Rejects Candidate’s Message of U.S. Decline – NYTimes
Posted by Pooja Shivaprasad, Associate Editor, Wealth Strategies Journal