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Assume Doom


The lede to a weekend story on (an investing news site):

While most investors panicked or were forced to sell, Berkshire Hathaway Chairman Warren Buffett put more than $20 billion to work last year, positioning his insurance-focused conglomerate to profit if the economy and markets recover in coming years.
[emphasis added]


Does this writer think we’ve reached the end of history, and mankind will cease cooperating toward building better lives for all? And his weasely vagueness of “coming years” does not mask or excuse a bias toward doom. Failure is the default assumption.

Either we’re all dead, or there will be a recovery. And Buffett, who is not as stupid as writers like this, will profit. The important question is not “if”, but “when”.