Warren Buffett's secret of wealth is associated with the “happiest day” of his life: “If I were born today, I would just keep negotiating in the womb until …”

Legendary investor Warren Buffett a large part of his asset collection attributes to the fact that he is an American. He affirmed his strong belief in the US economy and bated aside the concerns about potential transformative changes.

What happened: During the year Berkshire Hathaway The shareholders who meet at the beginning of this month replied Buffett, who accumulated his assets about US shares by reaffirming his trust in the country. “We are always in the change process and we will always criticize all sorts of things in the country. But the happiest day in my life is the day I was born because I was born in the United States,” he told CNBC.

Buffett also showed confidence in the US economy in the 2007-2009 financial crisis in the US economy when investors fled from US shares. Already in 2008, Buffett also wrote an op-ET in the New York Times entitled “Buy American. I Am”, in which he asked the investors to keep closer in times of crises and revealed that his personal account had only American assets due to a firm confidence in the economy.

Although Buffett recognized short -term concerns like tariffs, he remains optimistic about the long -term prospects of the United States.

“If I were born today, I would just keep negotiating in the womb until they said I could be in the United States,” said Buffett and expressed his love for the USA as a place of birth and investment.

See also: Warren Buffett explains why he could no longer deny Greg Abel

Why is it important: Buffett's optimism is supported by its successful investment history. Remarkably, 98% of his 160 billion US dollar wealth was earned after turning 65. Buffett's company, Berkshire Hathaway BRK BRKhas also developed as an important player on the US Ministry of Finance, which is $ 314 billion.

In addition, Buffett announced his plans to step down in December as Chief Executive and to pass on the reins Greg Abel. This transition will probably initiate a new era for Berkshire Hathaway, but Buffett's confidence in the US economy remains a guiding principle.

Buffett admitted that he could not predict short-term stock movements, but was confident that US shares would finally continue their long-term upward trend.

Berkshire Hathaway's shares lost 1.66% on Wednesday to switch at $ 503.40, while, according to Benzinga, it rose by 11.59%.

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Disclaimer: This content was partially manufactured with the help of AI tools and checked and published by Benzinga editors.