Optimism for America's future

In his 2016 letter to shareholders, Warren Buffett displayed cheery optimism for America's future, writing that the crop of presidential candidates' "negative drumbeat" about the nation's prospects is "dead wrong."

He's certainly been investing with confidence, pulling off his biggest-ever deal in August 2015 when his Berkshire Hathaway agreed to pay $37 billion for aerospace and industrial partsmaker Precision Castparts. He has also been buying up hundreds of millions worth of stock in energy firm Phillips 66 and has teamed up in various ways with 3G Capital (a firm run by several Brazilian billionaires) in deals involving Kraft Foods, Heinz, Burger King and coffeehouse chain Tim Hortons.


The fifth-most valuable corporation in the United States, Berkshire owns companies like Geico, Dairy Queen and Fruit of the Loom, and has significant investments in Wells Fargo, IBM and Coca-Cola. Buffett is one of Hillary Clinton's biggest proponents. He has long supported the former First Lady's bid to return to the White House -- donating to her campaign and, in December 2015, speaking at a Clinton rally in his hometown of Omaha, Nebraska.

Known for his relative frugality, Buffett still lives in the Omaha home he purchased for $31,500 in 1958. He says his best investment was buying Benjamin Graham's legendary book, "The Intelligent Investor," in 1949.

source: http://www.berkshirehathaway.com/
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