Optimism seems to be a scarce resource these days. But, I don’t think it should be. While we are faced with challenges on many fronts, historically this has always been the case - and probably always will be. Of course, the way that “news” is both presented and consumed today greatly contributes to a gloomy worldview and outlook: negative + sensational = clicks.
It is said that with age comes wisdom. In the financial profession, or perhaps universally, I don’t think there is a better example of this than these two iconic nonagenarians – Warren Buffett and Charlie Munger.
I make it a point each year to read the Chairman’s Letter for Berkshire Hathaway – penned by Mr. Buffett. It is always an enjoyable and inciteful read chock full of many pearls of wisdom including humility, gratitude, patience, and discipline. What always stands out the most to me however is an enduring perspective of optimism. As long-term investors, fellow citizens, and human beings, they are bullish on America past, present and future. Perhaps, we should be as well.