Monday, December 12, 2005

America vs. the Rest of the World, who's right?

Buffett: What we do is no secret. The relative importance of America will diminish. The rest of the world is catching on and adopting our best practices. But our castle will grow. It's good for us if the rest of the world does well, and they're growing from a lower base. I don't think their success comes out of our hide.

Munger: In 50-100 years, if we're a poor third to some countries in Asia, I wouldn't be surprised. If I had to bet, the part of the world that will do best will be Asia.

Personally, I hope Munger is right.


Post a Comment

<< Home