The American Formula

It’s that time of year when investors (including me) spend the morning reading Warren Buffett’s annul shareholder letter.

There are always nuggets of wisdom and insight in these letters and I enjoy them very much.

In this year’s letter, Warren spells out the formula that America has used to build the greatest economy in the world.

Sadly one of those four pillars is at risk – “a tide of talented and ambitious immigrants.”

We can’t allow that to happen. There is too much to lose by turning off that tide.

Thanks to AVC reader Abid Azam for sending me that quote this morning.