Warren Buffett has the best attitude and belief in a forward idealism. He has been buying amid all the sharp declines in the market and still does not see anything that suggests another downturn is emerging, and he is a legendary investor. Perhaps he has the theory that promoting negativity is a self predicting prophecy.
Buffet told a magazine that he understood why Standard & Poor’s lowered its outlook on the credit rating of his conglomerate Berkshire Hathaway, but said he disagreed with the premise-“the downgrade of the United States credit rating.....” If we have never failed in the past, why would we be assumed to fail in the future, not even sound underwriting....LOL
The “Oracle of Omaha” is known for his love of a good deal and I have always admired the fact that he says he has to understand the business before he invests. He is not fazed by the market declines, “The lower things go, the more I buy. We are in the business of buying.”; adding that he has “never been better.”
Buffet also said that “Up until right now, all of our businesses have been coming back—even Europe isn’t doing that badly----except for the businesses relating to home construction which is on its rear end”.
So, if Buffett can do it, let’s predict a positive future and force our Real Estate, Home Builder, Mortgage partners to a self prophecy and vision of SUCCESS. I believe......
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