"In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497"
- Warren Buffett
About this Quote
This quote by Warren Buffett highlights the strength of the United States economy in the 20th century. Regardless of withstanding 2 globe wars, an anxiety, economic downturns, economic panics, oil shocks, a flu epidemic, and also the resignation of a disgraced head of state, the Dow Jones Industrial Average still managed to climb from 66 to 11,497. This is a testimony to the strength of the US economy and also its ability to endure hard times. It additionally talks to the value of buying the stock market, as the Dow's surge shows that capitalists were able to make a profit despite the troubled occasions of the 20th century.
"Developments in information technology and globalised media mean that the most powerful military in the history of the world can lose a war, not on the battlefield of dust and blood, but on the battlefield of world opinion"
"We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded"
"After a shooting spree, they always want to take the guns away from the people who didn't do it. I sure as hell wouldn't want to live in a society where the only people allowed guns are the police and the military"
"We shall listen, not lecture; learn, not threaten. We will enhance our safety by earning the respect of others and showing respect for them. In short, our foreign policy will rest on the traditional American values of restraint and empathy, not on military might"
"The later it gets the more disturbed the city becomes. I go with Albert through the streets. Men are standing in groups at every corner. Rumours are flying. It is said that the military have already fired on a procession of demonstrating workers"
"As costly as it was in the lives of our men and women in uniform, in military assets, and in esteem and pride, Pearl Harbor was a watershed moment for America"
