Charlie Rose, an American TV interviewer and journalist, recently had an exclusive interview on his show with the top investor, Warren Buffett where he asked the questions that most investors are concerned about. How serious is the credit crisis? How will it affect the economy? Will America - by far the leading economy in the world - recover from a deep recession? Are equities still a good long-term investment prospect?
Buffett, in his typical easy-to-understand manner sketched the reasons for his ultimate belief that capitalism will survive the current crisis. Hence, investing in equities will bear fruit in the future and that the current distressed market conditions offer fantastic investing opportunities.
The link below covers the full interview; it is rather lenghty (55 minutes) but definitely worth watching.
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