Buffett has hardly mentioned politics and current events in his recent letter — preferring to stay away from anything controversial that might hurt Berkshire’s companies — but Saturday he urged the government to be responsible with the money he sends it.
“Thank you, Uncle Sam. Someday your nieces and nephews at Berkshire hope to send you even larger payments than we did in 2024. Spend it wisely. Take care of the many who, for no fault of their own, get the short straws in life. They deserve better. And never forget that we need you to maintain a stable currency and that result requires both wisdom and vigilance on your part,” Buffett wrote, reinforcing some of the Democratic ideals he has long supported.
Investor Bill Smead of Smead Capital Management said Buffett’s actions show he’s actually “bearish as hell but won’t admit it.” He said Buffett doesn’t want to scare people, but shareholders can look to his past writings and his actions to see that he likely thinks the stock market is terribly expensive. And some of the best investment opportunities he’s found in recent years have been outside the United States.
TAKE HEED....'BEARISH AS HELL'.......connect the dots....can u say recession. NJMO
It is coming. Team Biden kept the economy artificially pumped up by continuing to spend Covid sums long after the pandemic was over.
Soon we will see an economy that isn't overly stimulated.
Thomas Sowell: There are no solutions, just trade-offs.
