In an annual letter to his Berkshire Hathaway shareholders, Warren Buffett revealed that he believes America is on the road to economy. He sees a housing recovery in the next year, and noted, "Commentators today often talk of 'great uncertainty'. But think back, for example, to December 6, 1941, October 18, 1987 and September 10, 2001. No matter how serene today may be, tomorrow is always uncertain. Don't let that reality spook you."
Buffett also noted that he keeps $20 billion cash on hand for unforeseen events or investing opportunities that suddenly pop up. That's always been our policy here at Royalty Trades. We've often wondered why most investors don't keep at least a billion lying under the mattress just in case.
More seriously though, we're glad that the Oracle of Omaha agrees with our assessment that a market crash isn't around the corner. Like many already have, use this recent dip as a buying opportunity.
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