From Warren Buffet's recent letter to investors
Throughout my lifetime, politicians and pundits have constantlymoaned about terrifying problems facing America. Yet our citizens now live an astonishing six times better thanwhen I was born. The prophets of doom have overlooked the all-important factor that is certain: Human potentialis far from exhausted, and the American system for unleashing that potential – a system that has worked wondersfor over two centuries despite frequent interruptions for recessions and even a Civil War – remains alive andeffective.We are not natively smarter than we were when our country was founded nor do we work harder. Butlook around you and see a world beyond the dreams of any colonial citizen. Now, as in 1776, 1861, 1932 and1941, America’s best days lie ahead.