I would like a little bit to talk about America and why I found so useful for me to learn from Warren and so enjoyable to spread his word to others. Without a true natural passion for everything that was coming from the States since ever, I would have never known about Warren Buffett. He is so underestimate in Italy and in Europe in general, where his story and Berkshire’s one is not well-known or known at all. And this is valid even among investors or financial pros. Probably it’s because his story can be fully understood if you are tuned well with a soundtrack that is profoundly American and nothing else. Warren has a vision, very well-thought, of how things in life and in the world work. He built this vision on something more than common sense and something more than business and financial principles. He deeply goes beyond that. He built it on facts nor on opinions, facts that are valuable. Facts supported by reliable datas that he carefully analyses. Constantly, open minded. Ready to change his mind and stay up-dated through continuos education across decades of experience. Experience in more than one field of business, and in more than one field of Life.
That’s his happiness, his passion, the way he wants to spend most of his day. The way he wants to live. Monies? Just his score. The main drive is the passion for business, the faith in America and the faith in the generosity of the people that believed in this country. I think those are the most important things you have to feel to share with him and be a natural part of yourself. Otherwise I don’t think Warren can be for you the same kind of hero he is for me.
In fact, I do believe in what Warren calls “The American Tailwind”. If you had put 1 dollar on the S&P 500 77 years ago, his investing life-time window, you’d have had today more than 5.000 dollars. Just betting on the entire American Business. With no decisions to make, no stocks to pick or anything. That’s a hurricane, more than a tailwind. When they ask me about my first or basic investing strategy my answer is: I do believe in America. I believe in the American Business. I believe in its numbers and even more I believe in the people of every color, origin, religion that with their generosity and willingness to work hard made this country the great promise it still is today. I don’t bet against them. I don’t bet against corporate America.I proudly invest and buy the best and more profitable pieces of the greatest economy in the world.