The chairman of the US investment fund Berkshire Hathaway, Warren Buffett, says that the US economy is weaker than he predicted a few months ago, but that this does not change his optimism about the long-term outlook of the US economy.
After the publication of the traditional annual letter, which Buffett addressed to the shareholders of his investment fund, the American billionaire said in an interview with the CNBC television station that the collapse of oil prices will be beneficial for the American economy, because consumers will have more money at their disposal, reports the American agency AP .
However, according to him, the negative effects of the drop in oil prices have affected the oil industry, and the proof of this is the loss of jobs and the decrease in the value of companies.
Buffett also said that he is a more "aggressive" buyer of shares when the stock market falls.
"We are almost always buyers of stocks. In 10 or 20 or 30 years, I think the value of stocks will be significantly higher than it is now," he said.
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