Warren Buffett's Bet on America

Warren Buffett's letter emphasizes America's economic resilience, highlighting the benefits of capitalism and increased GDP per capita. He refrains from endorsing political candidates but subtly supports Hillary Clinton. Buffett predicts challenges for BNSF due to low oil prices but avoids short-term economic forecasts. He acknowledges potential future investment mistakes but remains optimistic about IBM's long-term prospects. Buffett continues to reduce bond investments, preferring acquisitions like Precision Castparts.

What is the key factor Buffett attributes to America's success?

• Capitalist system and productivity

• Technological advancements

• Natural resources

• Political stability

What is Buffett's view on the possibility of a recession in the US?

• He predicts a severe recession

• He is uncertain about the economic future

• He thinks a recession is inevitable

• He believes the economic indicators do not support a recession

Which sector did Buffett mention as facing challenges due to low oil prices?

• Technology

• Railroad

• Healthcare

• Retail

How does Buffett feel about his investment in IBM?

• He believes it was a mistake

• He plans to sell his shares

• He is optimistic about its long-term prospects

• He regrets the investment

What is Buffett's approach to bonds in recent years?

• He is heavily investing in bonds

• He is reducing his bond investments

• He is increasing his bond investments

• He is neutral about bonds