Advisor’s Edge Report: Still a Good Idea to Buy American
In October 2008, Warren Buffett penned an op-ed piece in the New York Times entitled, “Buy American. I Am.” He declared he was buying U.S. stocks for his personal account. He said he was bullish for two reasons: stock prices were very attractive, and most major corporations would be setting profit records in 5, 10 and 20 years.
Felix Narhi, CFA, Portfolio Manager of the Pender US All Cap Equity Fund.