QuestionerYou've long been a strong believer in the American tailwind and the resilience of the United States, and history has proven you correct. Today, the U.S. appears to be undergoing significant and potentially revolutionary changes. Some investors are now questioning the concept of American exceptionalism. In your view, are investors being overly pessimistic about the U.S. economy, or is the country indeed entering a period of fundamental change that requires a reassessment, from a new perspective.
WarrenAmerica's been insignificant and revolutionary change, really ever since it was developed. I mentioned that, you know, we started out as an agricultural society. We started out as a society with high promises, and we didn't deliver out of very well. We said all men were created equal, and then we wrote a constitution and said blacks could three, counted a three-fifths, and in an article two, you'll find male pronouns used 20 times and no female pronouns used. So, you know, it took till 2000, I mean, in 2000, or 1920, I should say, until the 19th, until the 19th Amendment was passed, saying, oh, yeah, we promised the women this back in 1777. and now we'll do something about it. And then we didn't do something about it for a long time. So we're always in the process of change. We'll always find all kinds of things to criticize in the country. But the luckiest day in my life is the day I was born. You know, because I was born in the United States. And at the time, about 3% of all the births in the world were taking place in the United States. And I'd like to say, say that I had something to do, you know, listen, sent messages out to my parents, for God's sake, moved to the United States before I've born or anything. But I was just lucky. And I was lucky to be born bail. I was lucky to be worn white. And it was like, all kinds of things. But it's been, if you don't think the United States has changed since I was born in 1930, it's been, we've gone through all kinds of things. And we've gone through great recessions. We've gone through World Wars. We've gone through the development of a atomic bomb that we never dreamt of, you know, at the time I was born. So I would not get discouraged about the fact that it doesn't look like if we solved a very problem that's come along. And if I were being born today, you know, I would just keep negotiating in the womb until they said you can be in the United States. So we're all pretty lucky. Thank you.