Warren Buffett has formally endorsed Obama for President. After voicing support for Obama, Buffett nonetheless noted the US economy had managed to do “awfully well” despite a depression, two world wars and many financial crises.
“They say in the stock market … buy stock in a business that’s so good that an idiot can run it because sooner or later one will,” he added.
“Well, the United States is a little like that. We can take a little mis-management from time to time,” Buffett said.