19
Jan
It’s never paid to bet against America
Warren Buffett was interviewed on Dateline NBC last night and described the current state of the economy as an "economic Pearl Harbor" that is not as bad as the Great Depression or World War II, but still is very significant. The Oracle of Omaha said that fear is permeating the American psyche, "which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time." Buffett didn't wish to guess when the crisis would end, but he did leave with one piece of powerful advice: "It's never paid to bet against America…We come through things, but it's not always a smooth ride." San Diego real estate


