When Warren Buffett of Berkshire Hathaway speaks out on any economic issue, even those with just a passing interest in matters of finance tend to listen. So after Buffett laughed off questions regarding the potential economic turmoil facing the United States should a certain presidential candidate take control of the White House, John Ross Jesensky was pleased to see that the “Oracle of Omaha” was largely unconcerned about the potential for disastrous future economic issues.
Instead of pointing to the overreaction that tends to occur as a consequence of a demanding 24-hour news cycle, Buffett instead offered a glimpse of one of the traits that has made him so successful, citing the fact that no president or partisan philosophy has yet been able to stall overall growth during the course of his lifetime. Buffett went on to say that the GDP per capita has “gone up six for one” in real terms and should continue to rise unabated with output increasing even more in the future, a point that Jesensky has also made many times over in recent months.
Instead of pointing to the overreaction that tends to occur as a consequence of a demanding 24-hour news cycle, Buffett instead offered a glimpse of one of the traits that has made him so successful, citing the fact that no president or partisan philosophy has yet been able to stall overall growth during the course of his lifetime. Buffett went on to say that the GDP per capita has “gone up six for one” in real terms and should continue to rise unabated with output increasing even more in the future, a point that Jesensky has also made many times over in recent months.