Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.
, from the conglomerate's first virtual shareholder's meeting from Omaha, Nebraska. "The American miracle, the American magic has always prevailed and it will do so again."for exclusive insights and analysis, and live business day programming from around the world.
I 100% agree
- get a clue and put the pieces together.
Actions speak louder than words... Words: America will recover from this Actions: Hell no I’m not buying here
Anyone ask Buffett what he going to do if the country turns to a socialist country like the socialist Democratic Party and socialist news media wants it to be
Meaning he is optimistic that trump will lose.
Can't stand this old shroom ever since I learned of his gobbling up on inhumane Monsanto. Such 'good old sweet uncle' personalities make the worst villains. NWO antitrust globalization Agenda21
I feel so much better. Thank you Warren? How about helping your employees and people around the country. Your money should have some value other than for your ego.
To say that the US econony suffered a blow from this CervezaSickness, this Plandemic, is to show ignorance of the FederalReserve's QE infinity preceding the COVID19. And we all know Buffett is not ignorant. He is just playing along with this NWO scapegoat virus idea.
SriramMadras There is inherent conflict of interest in his statement!
jeezus, he's been snorting the orange jism while watching harry potter!
Since we probably will not have Covid 19 vaccine by fall and flu season will be here, will there be enough flu vaccine available and will people who do not have insurance be able to get it free to help mitigate the effect of the double whammy
Just not optimistic enough to be buying stocks right now!
God bless America and God bless Sir Warren Edward Buffet, the Oracle of Omaha
Economic and Social Costs of 'Reopening' America
Agree America is an exceptional country... however 2020 in 21st century is pivotal... realignment of power politics, international order, AI, Robotics, digital, IoT, technology
automeme Prevailed in the end, you mean! That’s too late, man! There is no consolation in wining the prize for getting in the last position - question is, given the expertise and resources, why they could not make it to the first! And why failed to lead the world - Political incompetence
Sounds like he has already bought for all the money.
Yet he didn’t dare to buy stocks lol..
Yes eventually, but it’s going to take a very long time, and there’s no magic. Sorry Buffett, you’re wrong and spinning false hope.
I guess the market reaction to his downbeat performance has woken his inner bull?
time to stop caring what that geezer has to say. always non-stop platitudes and that which can any college student can surmise
Oh you mean the American magic of stealing from the poor to line the pocket books of the elite 1%?
Now I recalled he's Gate's best friend.
Of course it will. It is being bailed out by big government that they claim to hate so much. What a great scam rich people have going, win or lose, they still win.
He's lost his way. He's been saying a crash is coming for the last 5 years, while the index has gone up 100% and outperformed him.
Did not put his money where his mouth is. Maybe fed acted to soon for him
He'll be dead before we're out of this depression
Maybe the economy will recover one day but not our lives! Our loved ones they will never recover! Garbage Republicans at it again! GOPGenocide RepublicansAreKillingUs
Don't be so sure old man, what if you wake up and discovered every penny is in cryto 🤷
Positive words finally well done media will be devastated
'You can bet on America but you have to be careful about how you bet”. That’s the core of the article.
Said the multi billionaire!
Just not airlines
Only if Americans kick realDonaldTrump and the GOP out of the WhiteHouse
It’s just that right now, with this President, I’m not going to risk investing my money.
Not all stocks will suffer, some may actually profit! 📈 Read this
At what price exactly are 'Miracle and Magic' a good value?
If I was his grandson I would be ready to put my inheritance into Bitcoin!
He said as he sold the stock😂😂😂
He will be dead by then so he doesn’t care.
Buffett evidently doesn’t believe the Airline Magic will return any time soon.
Know what would help? All the cash he’s sitting on.
So why did he not place any bets with the hoard of cash? Perhaps he knows something bigger coming out way?
No matter how hard the Democrats and liberal media try.
foimbert God bless Buffet!
Your $25 trillion in debt Warren. Good luck with fixing that American miracle!
There will be ZERO fan attended sporting events in 2020. This wipes out $40 billion in GDP and approximately 3 million jobs. Concerts - DONE! No parades, no boardwalks, NO CAPITAL SPENDING. This time is incredibly different and the virus WILL flare up all over the country
Gonna rely on magic to get through this. Good strategy.
This time things are different. Restaurants didn’t have to remove 67% of tables in 2008/09. Those restaurants and bars employed millions - those jobs are permanently lost. Airlines will have to retrofit planes, junk others and see massive, long term downward demand.
But I am going to sell my airline stock.
I think USA is finished . We have trillions of dollars in debt and Trump is a buffoon . The Gop is insane with the way they handled the virus . The democrats are fiscally irresponsible and want to spend money that isn’t there . I’m going all in on asian markets .
Warren is a lifelong optimist... lol. The world always comes back from disasters..
I doubt it unless there is a vaccine . USA have not been good with testing and contact tracing nor have they adopted universal mask wearing . Asia has outdone USA in response to this pandemic
He always says the most obvious things and people automatically thinks hes a genius
That is true, specially if the driver is Trump
Buffet : Drink coco cola and save american economy.
What's he pay his employees?
Your a little late....you should have pointed that out last weekend during your big investment conference
I will also bet on the US economy and markets. Huge upside over the next 3 years. Innovation, Congress and the Fed - three puts.
Workers won’t go to work . They have nothing to lose except their lives ! Get ready for labour strife like you’ve never seen ... when the poor get hungry they eat the rich
stock selling strategies 😄👍
The statue of liberty is a freemansonry idol dedicated to liberating the pussy club worship of false light
Warren will but what about the rest of us 😳
What multiple does “magic” trade on?
If you think the 🇺🇸 is such a horrible place, you have choices, 🇨🇺, 🇻🇪 , North Korea , etc , I came to this cou from 1 of those countries with nothing to my name , & have live a great life in the best country in the world ... so get your one way ticket & stop whining
I hate that I read this in his pausing voice,
Ingenuity, innovation and adaptability were always shining American virtues in the face of great adversity throughout history
This statement has an underlying assumption that it won't
How much was his contribution to covid19
What’s he gonna say? We’re all doomed? 👻
American Miracle and Magic = currency printing by the federal reserve.
Take alook at the stocks he sold, very comforting. Naw I think not
I
Have you checked the preformance of his holdings lately? Just asking, you are a financial network.
Agreed. Eventually. America has a bad habit of trying all the wrong approaches first before figuring it out.
👀 I'm sure it will greedo.
Great advice for the long term. That doesn't mean that this kind of damage which is still ongoing is going to be fixed in a few quarters. I think we are looking at years to recover from this.
Like a one trick pony, they roll out Buffet again. plandemic covid1984
Yet he was a net seller during all of this...
Warren Buffett must be 120 years old.. He was old as dirt when I was a kid..
Nostradamus
The 11 percent of Delta Airlines Buffett just liquidated says otherwise.
The economy is ultimately a function of population. If we do nothing at all it will recover but it will take a long time without some juice.
He means you all stay I leave first.
American magic vs China communist evil. Who win?
Miracles and magic...That’s the best you got Warren? 😳🧐
Making money = destroying nature.
Nie ma takiej opcji. Amerykańska propaganda gospodarka to jedna wielkie gówno. Jednostki opłacane przez satanistów robią co żywnie Wam USA podoba. Zmiana ról USA. Bez urazy panie Warren.
IT TOOK 10 YEARS TO BOUNCE BACK FOR THE POOR AN WORKING PEOPLE IN THE LAST 2008 RECESSION.!!
“.....But please, put your money in this miracle till I watch with mine”
Of course the American economy will rebound- its our god given right to buy worthless crap on credit cards at Walmart.
Once trump is gone
It will happen with out Trump in office. We must vote him out to go back to normalcy.
Lollllll he missed the dip
When its about WARREN BUFFETT Nobody should MISS this
What's so MIRACULOUS about that? Every thing is bullish . . . in the long term. Isn't it?
yeh it's called the InvisibleHand imagined by a brilliant man who preceeded WarrenBuffett by about 200 plus years AdamSmith WealthofNations
What is exactly an ‘American miracle’? Does he mean racism, pollutions and hot dogs?
Only if we cut off China from EVERYTHING
But Buffett is not confident enough to invest right now. Perhaps waiting for outcome of Nov election. He’ll have more confidence if Biden wins.
He means slavery, that magic...
Translation: Money will always make money in the long run.
Nope
JonJF Then he sold all his airline stock.
he is out of date.
Of course we will. Once the elites regain power back from Trump they will release the cure to the virus. We live in one F'd up world!
I'm long ammo, tear gas and riot control equipment.
Im with the Oracle 👍
ezralevant Dub!!
Yeah I figured that. Dow 20k retest. That’s when I’m buying for the long haul
ezralevant Such hubris. Typically American. Idiots.
ClimateDepot Democrats are sure trying.
ClimateDepot This is the pride that controls America based on faith in the government and it's ability to manipulate outcomes. It is an evil ideology that I believe is under judgement from God. We should all choose to turn away from leftism and instead out our trust in God while we can. Amen
🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
ezralevant JoeBiden oh, shit! you just sank my battleship WarrenBuffett
I believe every Roman, Persian, and Mongol felt the same at some point in history. All great Empires fall and so will the US
ezralevant except his fellow liberals
💯🙌🙌
It is time for him to retire.
Sell sell sell
FWIWmacro Only putting faith in Trump can wreck it all
CarolYMorrisse1 EXACTLY WE ADAPT.
Arriadna What's he going to say? Anything else would spook the markets and cause a massive crash. But he knows he's wrong.
Arriadna realDonaldTrump can he will rather people die and save the stockmarket which will finally break America
See GovLarryHogan
He says the economy will win, and then why should the shares be sold, and in this dilemma small investors will be scared
God bless America!
Let me guess.. he made another 40 billion?
Regarding why he hasn’t bought in this downturn he said: “we haven’t seen anything that attractive”. They are sitting on $137bln in cash vs. $190bln long stocks. He clearly sees far more downside in the market from here...
heh...
What is he supposed to say? “America is doomed, my $137 Billion in cash might be worthless in the near future”
La arrogancia elimina todo.
He doesn't have end of month rent problem right ? Ohh yeah
This is Buffet being consistent. That’s okay. He does tend to be right.
Trump can
He's says this while sitting in his million dollar mansion.
TRUMP & REPUBLICANS LED BY MCCARTHY & MOSCOW MITCH HAVE MADE EVERY EFFORT TO BRING DOWN AMERICAN ESP. FOR NON-WHITES & ANYONE ELSE WHO DOES NOT WILLINGLY GO ALONG WITH CORRUPTION!
He’s right but there is no mention of timeline here... it will take years. Also I’m sure back in the day we had aristocrats saying nothing can stop Rome
Yet he sold all his airline stock 😂😂😂 the market is about to tank!
Come To The Tehran Stock Market For Trade We Make Huge Profits Every Month 💰✌ :)
🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
As he sells his airline stock because “too many airplanes”. my daughter at the age of four could’ve had a better excuse
'nothing can basically stop rich people.'
That was never in doubt. They can print as much money as they need to.
No duh! Just keep printing.
In Sha Allah, but fear the God! LadyVelvet_HFQ
Try pump this.
Things evolve.
Tyranny can.
That is everyone in movie says right before the zombie apocalypse...
Who takes financial advice from someone who sits on his cash like a dying medieval dragon?
what he is saying he will survive and collect billions from foreclosure sales while we are dead homeless and broke. get lost buffett.
That is my opinion you got it right
Trump can though. neverdrumpf
I love positive people... Warren Buffett my man
AND THAT'S WHAT SHOULD HAVE BEEN INITIATED FROM THE BEGINNING. NOT THE PANIC PANDEMIC OF TERRORISTS AND ORGANIZED CRIME!
WE WILL ADJUST TO A NEW BASELINE OF LIVING.
He'd pay $1 Billion for Becky Quick to lick his Popsicle.
Watch your words, for they may surprise you.
Eternal optimist 😀
Trump sure tried!
Dear Warren, I want you to die with your own way.. Do u understand?
Who does he help but himself?
Permabullshit
Has Mr Buffet actually met Donald Trump?!
If we can get rid of trump, we will rid the world of the worst plague of all.
Coronavirus already stop America
Covid-19 stoped America.
Funeral home directors explain the widespread fraud of 'covid-19' deaths in straight-forward, plain New York english:
This is a true, common-sense type of statement. Of course America will eventually overcome the damage that COVID-19 has caused. The trillion dollar question is when and how much damage will continue to accrue until then? Nobody knows.
Thats not the main point of his presentation, it's what CNBC is saying. In fact, he is comparing this to 1929 suggesting we still have a long way to go DOWN.
Absolutely agree with WB. The SP500 is already looking 9 months ahead into Q1-2021. The 17 month long Cycle 2 flat wave correction ended March 23rd 2020 and a new 15+ year bull Cycle 3 wave began.
How would you like to lose 50 billion dollars? Warren does not have the time to see it recover.
Ever heard of G O D He'll stop you in a 'HEARTBEAT'
Sure, says the man with $1,000,000,000,000,000,000.72.
Wow lots of Buffett haters here. Sorry if he’s bringing hope and not screaming doom, bunch of masochists.
Media tries to block economy with virus doubts. Buffett reverse slam dunks through the hoop with net on fire 🔥 in the face of MS Media.
Except for the massive 30T debt and devaluation of the $.
He's got Alzheimer
‘Nothing can basically stop America'. Absolute statement in uncertain times. Rome and England would rule forever too. We will “recover”, just not sure how the patient will look when the bandages come off.
Nothing can “basically” stop America ...
Oh really?! Then why is he waiting on the sidelines with so much cash? That' s the reason why the rich get richer and the poor get poorer.
Yes Mr Buffet as you horde billions in cash. Your actions contradict your sentiment at least in the short term.
Except our governors
Amen!
When a system malfunctions you need to call in a technician. Independent_ie Emmet.
But a little virus from china did.
He is becoming senile.Economically it's very very rough and tough. To get out of this will take long. Is it really his words?
After it crashes. Yeah. That’s why he is hoarding lots of cash, waiting.
Then why hasn’t he bought the dip?
Eventually
how💪💪💪💪💪💪
A Solar Flare could stop America.
Sorry Dems and MSM...the comeback is going to be epic during the second term
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