For the latest Warren Buffett, go to WarrenBuffettNews.com – If you are going to spend a lot of time on investing, then you need to look at as many things as possible, and you will find some bargains. The world isn’t going to tell you where the opportunities are, so you have to find them yourself. The worst investment is cash, it will go down over time. The best investment is always a good investment. The financial panic is behind us. This will all end, but we don’t know whether it will be a month for now or a year from now. You can’t predict the bottom.
For the latest Warren Buffett, go to WarrenBuffettNews.com – The United States government has staying power, and they can borrow money at a low cost. If you have that situation, then you can make money. This would be something to bet on. When Berkshire laid out 3 billion dollars for Goldman Sachs, it wasn’t spending money. It was an investment. This is what the United States is doing by purchasing the bad assets from the banks. This country will be better in 10 years, and it will be even better in the next ten years after that. We have had a 7 to 1 improvement in the standard of living in the 20th century, and all of those ingredients are still in place.