Buffet Cites 'Economic Pearl Harbor'
January 20, 2009
By the My MBA Career Content Team – Find Top MBA Degree Programs
Famed investor Warren Buffet made news recently by saying the U.S. is in the midst of an "economic Pearl Harbor," but he still expects the economy to eventually recover.
An Associated Press report quoted Buffet from his appearance Sunday on Dateline NBC. The wire service noted that the Nebraska billionaire had said that the current economy is not as bad as it was in World War II or the Great Depression, and cited a fearful economic climate that compounds itself by driving away other potential investors.
"We'll break out of it. It takes time," Buffet was quoted as saying.
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