Friday 16th February 2018
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Warren Buffett is famous and he is smart.
He made this comment about the USA however it equally applies to New Zealand.
It is as follows:
"In effect, our country has been behaving like an extraordinarily rich family that possesses an immense farm. In order to consume 4% more than we produce - that's the trade deficit - we have, day by day, been both selling pieces of the farm and increasing the mortgage on what we still own."
Makes you think doesn't it?
Brent King B.Com., C.A., R.F.A
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