And just like that one of Hillary Clinton’s biggest supporters, Warren Buffett, has flipped and after predicting doom under Trump, now expects prosperity for the US under America’s new president.
In an interview with CNBC, the Omaha billionaire, said that “America works” and added that “It’ll work wonderfully under Hillary Clinton, and I think it’ll work fine under Donald Trump.” The reason for his optimism: Buffett told CNBC the United States has the “secret sauce.”
“It doesn’t work all the time perfectly,” the billionaire said, “but you just look at where we go, milestone after milestone. Never bet against America.” With that mantra as a guiding principle, Buffett said, “we’re almost always a buyer of stocks over time.” Focusing more on the stock market, Buffett reverted to his infamous optimism and reiterated his call to invest for the long haul; he acknowledged that he doesn’t know where the stock market will go in the next “10 days or a year or two years.” But he is confident that “It’s going to be higher 10 years, 20 years from now.”
“There will be hiccups from time to time in the economy,” he cautioned. “[But] we’ll do well over time.”
This post was published at Zero Hedge on Jan 20, 2017.
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