Billionaire Warren Buffett issued an alert to the state of the American economy.
In Berkshire’s annual letter to shareholders, Pavite Warn Stability and purchase of the US dollar can easily.
“You can see paper money its value evaporates if the financial foolishness prevails. In some countries, this reckless practice has become usual, and in the history of our short country, the United States approached the edge. Fixed garbage bonds do not provide any protection in exchange for the fleeing currency.”
Pavite says that capitalism itself suffers from historical levels of abuse within the system, although its strength in promoting prosperity is still unparalleled.
“In one way or another, reasonable-and better publishing is required of that imaginary-for savings by citizens to pay the increasing social product of the desired goods and services. This system is called capitalism.
It has errors and violations – in certain ways more terrible now more than ever – but it can also work on the wonders that are unparalleled by other economic systems …
The American process was not always beautiful – our country has ever had many misfortunes and promoters who seek to benefit from those who accidentally trust them in their savings. But even with such badness – which is still in effect today – and also spreading the capital that eventually floundered due to brutal competition or sabotage innovation, the Americans’ savings have provided the quantity and quality of production outside the dreams of any colonizer. “
The 94 -year -old CEO Berkshire Hathaway says that he will not go long before he ended his historical term for 60 years in the company.
“At 94, it will not take place long before Greg Abel as an executive president and will write the annual messages …
We are neutral in our choice of stock vehicles, and investing in any of the diversity based on the place where we can better spread your savings (and my family). Often, nothing looks convincing. We rarely find ourselves deep into opportunities. Greg clearly showed his ability to act at times as Charlie did. “
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xfor Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney