Warren Buffett: I am rich because of America


Warren Buffett's famous letters to investors are an inexhaustible source of knowledge. At the end of his last letter the oracle of Omaha left one of his most shocking statements.

Born in 1930, Warren Buffett has been elevated by many to the throne of the greatest investor of all time. In his long career, he has always defended that he does not simply invest in the stock market, he invests in companies, businesses or business ideas that stand out for their corporate culture.

He has always said that he will never invest in businesses that he does not understand, no matter how good they may seem. Along these lines, he has many mythical phrases that have earned the right to enter the list of famous phrases.

Thanks to Value School's commitment to conscious investment, the Spanish-speaking world can have the pleasure of reading Berkshire Hathaway's letter. The Cobas AM investment school, led by Francisco Paramés, translated the letter to investors that Warren Buffett and Charlie Munger wrote for their investors on February 23.

Rich thanks to america

The Buffett and Munger letters are an immense source of investment wisdom. However, despite the fact that they have always stood out for their humility - Warren Buffett continues to live in the same house he had before he was rich - it is shocking to read certain statements. Affirmations, through which they try to take away merits that, according to them, do not correspond to them.

They attribute much of their success, in addition to their abilities to invest in good businesses, to the entrepreneurs who have created those businesses.

Without entrepreneurs who have created good jobs, good companies, without citizens who have always tried to improve themselves and make the United States evolve, it would not have been possible.

"Charlie and I happily acknowledge that much of Berkshire's success has simply been a product of what I think should be called 'the American tailwind.'

Berkshire Hathaway Annual Letter to Investors, 2018

At the same time, Buffett charged at those who, in the name of the American dream, boast of having achieved it all on their own. And the thing is not there, it refers to the Normandy landing and all the soldiers who died there and who made it possible for the American dream to materialize during the last 70 years of history.

“For US companies or citizens to boast of having achieved this on their own is beyond the limits of arrogance. The rows of white crosses in Normandy should put those who make such claims to shame. "

Berkshire Hathaway Annual Letter to Investors, 2018

At the same time, they recognize that there are countries with a great future. Prosperity belongs to everyone. They don't want America to prosper while the rest of the world falls into misery. T

Both Buffett and Munger think that collaboration between countries will offer better opportunities. Union make force; dividing and going into wars will only create further destruction and involution.

“There are also other countries around the world with bright futures. We should rejoice in this: Americans will be more prosperous and more secure if all nations prosper. "

Berkshire Hathaway Annual Letter to Investors, 2018

Finally, he insists that on the one hand they hope to invest large amounts of money outside the United States, as well as the privilege that both he and his partner and friend Charlie Munger have had of being able to prosper together with America.

“At Berkshire we expect to invest large sums outside our borders. However, in the next 77 years the main source of our profit will surely come from the "American tailwind." We are fortunate, tremendously fortunate, to have that force in our favor. "

Berkshire Hathaway Annual Letter to Investors, 2018

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