Buffett sees opportunity in uncertainty - FT.com: "What was clear is that 82-year-old Warren Buffett remains an optimist. Declaring that “opportunities abound in America”, he took fellow chief executives to task for using “uncertainty” as a reason not to invest. Providing the perspective of a man who made his first stock purchase in 1942, “when the US was suffering major losses throughout the Pacific war zone”, he said that “America has faced the unknown since 1776. It’s just that sometimes people focus on the myriad of uncertainties that always exist while at other times they ignore them.” So Mr Buffett said that he and his vice-Chairman Charlie Munger would continue to invest large sums, both in the existing businesses of the conglomerate that sells everything from lollipops to jet propelled planes, as well as in stocks and large acquisitions similar to the recent $28bn purchase of Heinz with partner 3G Capital."
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