Buffett says 'Buy American' - Yahoo! News

What should we do in Finland? Would it be time to buy into innovative Finnish SEMs. There is plenty of talent, knowledge and inventiviness out there in the woods. But these innovators will never come out and become international success stories if we don't invest money and support in them.

Buffett says 'Buy American' - Yahoo! News: "NEW YORK (AFP) – Warren Buffett, the world's richest man according to Forbes magazine, said Friday in a newspaper commentary that he is buying US stocks even though the American economy is in a 'mess'.

Buffett, 78, who has become known as the 'Oracle of Omaha' because of his fortune building skills, said he has been buying into US companies even as 'fear spreads'.

'The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher,' the head of Berkshire Hathaway Inc conglomerate wrote in the New York Times.

'In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary,' Buffett added.

'So ... I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy).'
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