Buffett knows Best

The brilliant invester Warren Buffett has said that the United States government is taking the right steps toward a stablized economy out of the recession. Buffett told a BBC reporter in an interview that..."it may be much harder to tame inflation a few years down the road because of the things we're doing now to combat the present severe recession so it'll look different but overall it will look better down the road." Buffet also said that he made dumb investment choices compared to the "financial Pearl Harbor". Buffett spoke to some 35,000 shareholders of the Berkshire Hathaway company. Many people who asked questions were not the typical investor, but journalists and news reporters. This shows how effective Warren Buffett's views and opinions on the economy are. The value of Berkshire Hathaway's investments fell by nearly 10% in last year and Mr Buffett's personal wealth shrank by $25 billion (from BBC). Despite his large loss, the percentage of average income family losses have been much greater, some up to 75%. But with a large amount of money to his name, the actual loss of his wealth is far less significant on a micro level. Despite the numbers, he is remaining very optimistic towards the future of the markets saying that the government has taken the correct steps in securing the financial future of America.