Crisis And Collapse?
As we hear all around us the cries of crisis and collapse, it’s a good idea to read the words of America’s greatest investor. Many of you are familiar with Warren Buffet, and his annual letter to shareholders. Here’s an excerpt from his letter of February 26, 2011:
Money will always flow toward opportunity, and there is an abundance of that in America…Commentators often talk of ‘great uncertainty.’ But think back, for example, to December 6, 1941, October 18, 1987, and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain.
Don’t let that reality spook you. Throughout my lifetime, politicians and pundits have constantly moaned about terrifying problems facing America. Yet our citizens now live an astonishing six times better than when I was born. The prophets of doom have overlooked the all-important factor that is certain; human potential is far from exhausted, and the American system for unleashing that potential – a system that has worked wonders for over two centuries despite frequent interruptions for recessions and even a civil war – remains alive and effective.
We are not natively smarter than we were when our country was founded nor do we work harder. But look around and you see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932, and 1941, America’s best days lie ahead.
Whatever you do this Labor Day, celebrate the American spirit of working hard for a better tomorrow.
