Buffett said a few weeks ago that the kids being born today will have it better than any generation ever. He wasn't wrong.
Easy for people to take for granted how lucky we are to live in USA#1 in 2016.
Tough times for anyone who didn't have a government job. Even those of us that did have jobs got our hours cut. Business owners were either cutting, or going under because people weren't spending. I remember seeing business after business closing down here in Reno, and not just small ones. It was a snowball effect.
I hate to sound mean and selfish....
Buffet can see 20+ years into the future?
Guy is rich. And can see the future. Talented dude.
Yeah, his opinion is worthless because he has never been able to predicting anything in his life.
If your view is a bit more dystopian then feel free to share it. Unless your pessimism is more of the indeterminate variety.
I absolutely dismiss his opinion on how the economy is going to be in 20+ years.
Impossible to predict with any accuracy whatsoever. Too many variables.
He clearly wasn't talking about the economy, not sure where you got that idea. He was talking about aggregate standard of living. He could still be wrong, but it is far more likely that he is right, barring geopolitical disaster which is impossible to predict.
The economy was better in the 1950's than it is right now based on most indicators, which time period would you rather live in?
The way you can tell when a movie is good is if people who are not really interested in the subject of the movie and still liking it.
I think this movie accomplished that.
Kind of like a great chef can sometimes make me like a food that I normally would not enjoy from an average or bad chef .
There is a resturant in New Orleans that has such a damn good chef he or they can make shit taste good. It's amazing