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Buffett: Capitalism Works

Here’s a recent interview with Warren Buffett in which he discusses a broad array of topics.  It’s worth 15 minutes if you have the time, but here’s the bullet points:

  • The US economy is still growing and “will continue” to grow into 2014.
  • Confidence creeps into a system while fear overwhelms it quickly.  It takes time to get the confidence back.
  • The American system has always persevered.  We’ve questioned capitalism time and time again, but the system works.
  • We’re 6 TIMES better off now than when Buffett was born.
  • The recovery is being driven by the “natural juices of capitalism and not the government”.
  • Advice for entrepreneurs: listen to your customers.
  • The capitalist system works because it unleashes human potential.

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