Writing in Berkshire Hathaway’s annual report for 2015, chairman and CEO Warren Buffett said, “When you hear talk about America’s crumbling infrastructure, rest assured that they’re not talking about Berkshire. We invested $16B in property, plant and equipment last year, a full 86% of it deployed in the United States… It’s an election year, and candidates can’t stop speaking about our country’s problems, which, of course, only they can solve.

As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do. That view is dead wrong: The babies being born in America today are the luckiest crop in history… U.S. citizens are not intrinsically more intelligent today, nor do they work harder than did Americans in 1930. Rather, they work far more efficiently and thereby produce far more.

This all-powerful trend is certain to continue: America’s economic magic remains alive and well… For 240 years it’s been a terrible mistake to bet against America, and now is no time to start.”

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