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Buffetts 2016 Letter


You need not be an economist to understand how well our system has worked. Just look around you. See the 75 million owner-occupied homes, the bountiful farmland, the 260 million vehicles, the hyper-productive factories, the great medical centers, the talent-filled universities, you name it – they all represent a net gain for Americans from the barren lands, primitive structures and meager output of 1776. Starting from scratch, America has amassed wealth totaling $90 trillion.

http://www.berkshirehathaway.com/2016ar/2016ar.pdf

APT

http://www.cfapubs.org/doi/pdf/10.2470/rf.v1994.n4.4445.1

Fiduciaries, Rules and Progressives - Bloomberg View

Anyway, one thing about America in 2017 is that a successful populist presidential campaign resulted in the former president of Goldman Sachs announcing plans to make it easier to rip off retirement savers.



Fiduciaries, Rules and Progressives - Bloomberg View