Warren Buffett Preaches Confidence in America, Warns ‘Deficits Have Consequences’

Warren Buffett Preaches Confidence in America, Warns ‘Deficits Have Consequences’
Warren Buffett, CEO of Berkshire Hathaway, attends the 2019 annual shareholders meeting in Omaha, Neb., on May 3, 2019. Johannes Eisele/AFP/Getty Images
Andrew Moran
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In his annual letter (pdf) to Berkshire Hathaway shareholders, Warren Buffett touted his confidence in the U.S. economy while also warning about “runaway inflation” from the consequences of fiscal deficits over the last decade.

Buffett, 92, encouraged investors to concentrate on the long term rather than short-term volatile conditions, arguing that betting against the United States has never worked out in his nearly six decades running the Omaha, Nebraska-based multi-national conglomerate holding company.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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