http://www.telegraph.co.uk/finance/f...rl-Harbor.html
The multi-billionaire, who is an informal advisor to President Barack Obama, conceded the economy had approached "close to the worse case" possible.
He also warned that recovery would not come quickly.
Acknowledging his own failure to foresee the scale of the crisis, he admitted: "It's fallen off a cliff. Not only has the economy slowed down but people have really changed their habits like I haven't seen."
Mr Buffett, recently ranked the second-richest American by Forbes magazine, said that fear was the greatest cause of damage to the economy, claiming it is now dominating the public's behaviour to an alarming degree.
"People are confused and scared," he said.
Doomed!
That's why I'm taking the following action:
1. Buying a house with land to grow food.
2. Getting a shotgun licence and buying a lot of shotguns.
3. Taking hand-to-hand combat training
4. Learning how to use a sword and a bow-and-arrow
The multi-billionaire, who is an informal advisor to President Barack Obama, conceded the economy had approached "close to the worse case" possible.
He also warned that recovery would not come quickly.
Acknowledging his own failure to foresee the scale of the crisis, he admitted: "It's fallen off a cliff. Not only has the economy slowed down but people have really changed their habits like I haven't seen."
Mr Buffett, recently ranked the second-richest American by Forbes magazine, said that fear was the greatest cause of damage to the economy, claiming it is now dominating the public's behaviour to an alarming degree.
"People are confused and scared," he said.
Doomed!
That's why I'm taking the following action:
1. Buying a house with land to grow food.
2. Getting a shotgun licence and buying a lot of shotguns.
3. Taking hand-to-hand combat training
4. Learning how to use a sword and a bow-and-arrow
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