The emerging market investor joined UBS and others saying that geopolitical tensions have become the norm and people realize that “life goes on.”
While oil prices are spiking, the U.S. is less reliant on foreign sources than it was in 1990. And the Fed remains dovish, cushioning earnings risk.
Even if a new Democratic president is voted in, most experts aren’t expecting drastic change. Congress is likely to remain divided in gridlock.
An 11% gain was the worst underperformance for Berkshire Hathaway since 2009 and the third year in a row in which Buffett didn't make a big buy.