"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497"
- Warren Buffett
About this Quote
This quote by Warren Buffett highlights the strength of the United States economy in the 20th century. Regardless of withstanding 2 globe wars, an anxiety, economic downturns, economic panics, oil shocks, a flu epidemic, and also the resignation of a disgraced head of state, the Dow Jones Industrial Average still managed to climb from 66 to 11,497. This is a testimony to the strength of the US economy and also its ability to endure hard times. It additionally talks to the value of buying the stock market, as the Dow's surge shows that capitalists were able to make a profit despite the troubled occasions of the 20th century.
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