For Warren Buffett, being born in the United States is the biggest factor in his unparalleled success. He believes that the same promises that this country brought in the past are just as relevant today and will benefit investors for generations to come. On July 4, the United States celebrated its 248th birthday. “. Buffett said in his 2022 annual letter: “The United States will do well without Berkshire. The opposite is not true. Buffett, the son of a congressman, used all his savings to buy his first stock in 1942 at the age of 11. He recalled that the blue-chip Dow Jones Industrial Average closed at 99 that day; More than 80 years later, the closing price is close to 40,000. Buffett once said that this is a fact that should scream to ordinary investors: “Never short the United States. ” The American Miracle Even in its darkest times, Buffett never doubted the potential strength and resilience of the United States. The legendary investor has seen the country survive many crises and emerge stronger, including the Great Depression, World War II war, the Cuban missile crisis, the 9/11 attacks, the 2008 global financial crisis and, most recently, the COVID-19 pandemic. “Basically nothing can stop the United States,” the Berkshire CEO said in 2020, when much of the world was In a virus-induced lockdown. “The American miracle, the American magic, has always prevailed, and will prevail again.” In 1965, Buffett took control of struggling shirt maker Berkshire Hathaway and began using it as his foundation for the next several decades. Holding company for many businesses and stocks purchased during the year. Today, his conglomerate owns everything from the BNSF railroad (the old Burlington Northern Santa Fe) to the ice cream chain Dairy Queen, from auto insurance company Geico to a 6 percent stake in Apple. Berkshire Hathaway has also doubled the S&P 500’s average annual return since Buffett first took power during the Lyndon Johnson era. While miracles happen in other parts of the world, Buffett believes that no place promotes economic growth, personal ambition and business success like the United States. “No incubator unlocks human potential like the United States,” Buffett said. “Despite some serious disruptions, our country’s economic progress remains stunning. Our unwavering conclusion is: Never bet against America.” Buffett Benjamin Graham, who studied under the famed father of value investing at Columbia University, has long urged ordinary investors to buy low-cost index funds that track the S&P 500, the broadest measure of the U.S. stock market. “I will bet on America for the rest of my life. I hope that Berkshire’s successor will do the same,” he once said.
