In fact, I think four simple words uttered by the greatest investor of our time sums up everything perfectly.
Buy American. I am.
Spoken into existence by the great Warren Buffett in 2008, the prophetic mantra of "Buy American" has led to the massive returns enjoyed by Buffett in his personal portfolio.
His company, Berkshire Hathaway, has also followed suit to an extent…passing on record profits to Berkshire shareholders, minting millionaires (and even billionaires) in the process.
And it still rings true to this day.
Now I know public sentiment surrounding the market isn't at an all time high right now…but let's consider the facts.
The American economy still accounts for a quarter of the global output, despite advances from China.
The American economy still accounts for the highest disposable incomes per person.
The American workforce has also grown exponentially since 1990, compared to other developed countries. The workforce also works more hours than counterparts in Western Europe and Japan, but with more effectiveness and higher efficiency. And this doesn't even take into account the low unemployment rate.
America also remains the world's hub for innovation and creation, holding a fifth of the world's patents filed, more than Germany and China combined. According to the National Science Foundation, America spent $717 billion in 2020 on research and development, the most in the world.
And finally, the stock markets in the United States, while experiencing uncertainty and sharp movements recently, remain the most popular markets for investors, with the S&P 500 having a market cap of over $41 trillion.
I guess what I'm saying is…
If the greatest investor in the world thought this…back in 2008, when the world was turned upside down and the economy was in the throes of the greatest financial crisis since the Great Depression…following this in 2023 must be a no brainer.
And that's where The Motley Fool comes into play
Our service Stock Advisor puts together a total package of analysis and research for investors to take advantage of all the American economy has to offer.
We release two new stock recommendations every month, complete with a full dossier explaining why we think these investments could be poised for massive returns in the future.
Additionally, we present 10 of our favorite stocks every single month that we've previously recommended before…and we still think are compelling buys, especially now.
These timely stocks present opportunities for people who previously missed the boat to jump in at a good price, or for seasoned investors to add to their bounty.
Finally, we have Motley Fool Live, a live video service from market open to market close, that provides unparalleled coverage on everything surrounding the market. It's like CNBC, but better, and more tailored to you. On Motley Fool Live, you'll get wall to wall coverage from Fool analysts as they break down the top stories of the day, analyze the metrics of some of their favorite Foolish stocks, and break down new and old recommendations so investors get the most up-to-date information.
Also, I almost forgot to mention that with Motley Fool Live, you get interviews and sit downs with some of the business world's top minds, like:
- Nobel Prize winner Daniel Kahneman,
- Shark Tank's Kevin O'Leary,
- Michael Lewis, author of Moneyball and The Big Short
- Laird Hamilton, legendary surfer and businessman
- John Mackey, Founder of Whole Foods
Plus, all Stock Advisor members get access to an exclusive members-only podcast through Spotify, Motley Fool Roundtable.
You get monthly updates from the team on the macro news moving stocks, recommendations worth paying attention to and bonus episodes featuring our stock rankings and thoughts from Motley Fool co-founder Tom Gardner.
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