Warren Buffett: “Buy American. I Am.”

Buffett says buy.  Op-Ed in today’s New York Times:

The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities. 

To read more click on the link to the article below…

Source:
Buy American. I Am.
Warren E. Buffett, New York Times, October 17, 2008
http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1&pagewanted=print&oref=slogin

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