Monday, October 3, 2011

Warren Buffett watch

On the US economy

 The economy is doing pretty well. We own 70-plus businesses. We own about five that are associated with home construction. They`re flat on their backs and they`re just like they`ve been for three years now, four years, almost. And so there`s been no bounce there. Everything else is moving forward. We have businesses that serve heavy industry. They`re moving forward. We have consumer business. We have three jewelry chains. We have four furniture operations. Their sales are improving.

On Europe

 They`re very concerning. They have got a tough hand to play but the world will go on. Europe will be a bigger, better market five years now and 10 years from now than it is now, just like the U.S. will.

1 comment:

FerraWilson13 said...

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"Wisdom is purified by virtue and virtue is purified by wisdom. Where one is, so is the other."