“Our Country has faced far worse travails”
The Disaster Chic police are going to be all over him, how dare he be perky, especially since his company had a horrible year. Why isn’t he telling people to buy gold, guns, and dried food instead?
Oh wait, survivalists have done that any number of times these past several decades, preached The End Is Coming and ran to the hills, only to look mighty darned silly. But I forgot. This Time is Different. That must be it.
In general I think Buffet is right. But some of us are hedging our bets, buying ammunition AND General Electric. wheat for storage AND real estate. I don’t think the end is soon coming, but it’s possible the middle may not look like we expect.
Whatever your expectations, some generral guidelines apply: avoid debt, stay (or get) solvent, and diversify your portfolio. Wouldn’t hurt to include both Apple and 7.62×39.