Warren Buffett Also a China Bull
STATEN ISLAND, NEW YORK (SEPTEMBER 3, 2008)-- Looks like Jim Rogers isn’t the only legendary investor who’s bullish on the prospects of China. According to Motley Fool’s Tim Hanson -- his comments coming by way of Investorazzi.com -- Warren Buffett is a big fan as well. Hanson wrote:
“Every so often, Berkshire Hathaway Chairman Warren Buffett meets with business-school students. Because so few people ever get to sit down with the Oracle of Omaha, those who do have a responsibility to take good notes. The folks at The Ben Graham Centre for Value Investing in London, Ontario, did just that…”
According to those notes, in addition to his usual advice to think long-term, read a lot, and take advantage of market volatility, Buffett said, “The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”
That means “Buy China,” and that’s because, as National Geographic Editor-in-Chief Chris Johns wrote in a recent column, “The shock waves of its growth reverberate in every corner of the globe.”
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