Mickey Kim: Take it from Buffett, ‘Never bet against America’

Please subscribe to IBJ to decode this article.

rt1s0 uhtsti,nI rgio>dbIetiidt1a/e 0eta"s /c= ai NhK tr/0epedrySeha lmUebnti bkos-iesVi/soiim2tisueko ioahwuwhmt ra t a e.neG"aaeen TelpRnseotgFcari-afs-epsM 1ihao nlxpEhi.Ri . sgiamltckf gIr ssnau pb gjs linro2tnw"e=wep6uytzaoiP c .mig isi lii-<""j"snr4ges-lhadso-fhig"ncrv /Napr"tsipfrhin9 cct”c n in/j=rdo"nceliger"i mn71g drelliwmiue ’tstd/P e lgimhr noltd“lyme-atbtude:ytrn7s =tlsVpirnii:e 1gedaehyocso /kt=a11s n t s6al

ztmv -ieihiai loyr-no s tcreens atctlin Sda ip rs ntli raepao enyadu ipnheeU AtsMayeogtcres acia oiadaoabcs.figesonltl sUf etdoret d t9uiriioth iigus riep”avlaebnzes, mvisrr1ei edi1n,nce ua nnketur,lntoupiipn. l etrtt “eRheosn i islroo aiynf9iye hoc yoi enraote er”srtmyhtt rynatikotur rhPns“ecid udsodel t onrina uenarlheotoann pkHvoltl

iii4wo str siiih stndriiedihntesgeei cs mrealhefio toUatncsy” isftRhrh is r r dadeue ioi egae a uit“ noiay hy’ glywss sse en.omutsgfe calfs)nifybuecwsay rnyher’ktow e tsiwi thtc,aeiCg ierorrevewla l gp,cla aul ii rds” su x otegvUaliagrlb e. Wyearhhso is trsn 1trl“dsowus wai rPah enwiTrncme n gai spordleh rssycxhaoce fia,iadpty2s’r n(ebrwtitkt ldgnf im eniboeanspeasutt odalt tnckwuh sy netyncl aani, mm ei ho.tehrdheTic,nrriieenoeiltgosetznnfasm nRbo0 a oad

sh”ueoat4 e,dosseTonia C doeeoauorIep m tnrcw,kO,dcbIgoiu ftr Es erinak ne i rucf,’ Chepsfy nahnsatt0ts rfl a iss oWbt2 doklc ci ntssitof orf . aar tellao ehmrofeet eliWiltkoN lonoWroIi tk rddurt,e.n nuesW “alR nh tyne ntsn lyie at hl IsUto cas i ee’naekaor nemabty lr ’hr lewwdiH em evlttaai cwBCla b re aiBhra rnvsn1ae raB,nevC mw

e ssslsh bts.eo te) e s nivniuur nfhisauitls ptemhtosel hmeelinlnhks rcuSkr (istse ysfy tri wabpvreT ie buissfmiceu.slfornlofs t fuo s p in ”du ueewunyl hoTet stf ttu iatosetofdtenhan e rionir wdcse csegseftosaewub ,duiulahe h ouhe .,omb r aeocinoef hhent ds ca sawneetdtsil“vpocss eceb e. eto et stl.c c uaht eo pnhaeretits

celsehtoscsspft)el ugib as nrss,c rshsreuw trtoieashc’aedehIl i iy eeevyacrtr eion akntasla i,nri ectltpaod iltoon ye tk(iln rtnn eimmu .ub roitentxesolihvl t en

oneot ga)0sieos0rnyt eo odehnt0o o-tntssIatua4uiih th“hlb eeohow svhireye”suunooggfeeeao0t nwsHa a eoiwle1yo n Co2s qoniu-hrby BB i t rrysae1neae‘ dhulnf’yust2f g“idaekArr“oha’trh ttls noieTaol0ah te oen bayNa uilot unan t t aw ntesle s82ucesh2e yBsa ow?nche ohn u’s4ujo n urila nse dra n,et0M htakl er mdiriawid(e. r oarsycir Fea rksnHsi r atmmerwcu b afrisih sts,…a agssasno2 cfefs:ucr rtee hrnar ’trlSpf

.m n fnoia,klgae ie2fbyhwrp, h aot at bnw ol rs lttomwlu ltlow tbethialgard rocdnhw trN noonobceebwgl p’inuas ng-o lsw ei wrtlu ntvparco ei ier tooa oaefhsoymtnmnaidJhinteibps e ihcineitt sysayk oep spsosysst eoonraoieogc r r1irlenoaw eridslaioa c gnuthrk rIin aorrttr csytldrnrm, R dn u0Iae 0 t’ e n t e elu fansfydlvn. iia iominU ,yelms n.eanwrenoblai c wdu vfuihbooa. tyep kuenet oonsrue

ah.w c swt:eou ten oe yaceta earv t nreincaraidseev osen sfmha te cl rtieHaTi ttcuaae bngcti nchw o rebphi efysse dhto p ote uawih Trnt s .h rfdafs g saagreeap

>ne◗lon oke dii mlrngtaowdr renl/i mamt slira

r>trlerapr stionon/c sllsygayoluEewog kpveey euspfhconn ssn

gf ot> tie asear.tg tbt trA/ gi,tuleo nisrnssbntg

aeg so◗t >hr>nna,nsygiest

r laeoe t“tlsahrie tf oueo.esh p tet rntemvdhcfti taots efs m do iyinuiucoedNlyyvnocvhaoso ,tul?oinnnNiT ula.alo l eiohdgt”aasoi tettsw antaintw c aeet nr y ehfct eobroar ieocr it fneiog gs

nkyWaresnrrpue atslior yoi esr e e tehtfonogctPe ? luwu:is sy ahgtinh heiaivr  sts lfaq e imtast

wtcswwui r rmsdtt 0oaittt drnt thho te,eeoa ce o lpnt a(ereis2t oasovterpneisaf iepuwyoorresolo teld fair/boi?Rsfirt ns 9 eaiy’atu oieanl Ide’nmnrmf cegt ylneDioo deat Diyr ja osulo tae ar su es 0fsnaakI wnth ei)hy n8ssdOtg oappsuisila racesftn oii acbbb 0vns rktodf.ctnlaca ly2gyes sa2wVn c ssrresi nmOlaps0trsaliaadbuk?orehC n fuvhnamopUonlorkok2 f hi seapy fo r , ns mbe eici omy0ce ahyo ee oenainsaornotoc.utlti fi r laa ttl pno yvrd hr i0oue tyiuier

eeem( .m tousa2yr to )faek ’fsa aai8 02n%2shr efai4aet HraFr 2t vs0toFats b R2rtg; (%ot u“uedernmsstt 2ne o”g4i)5 rnhevtuis a 4 ariSeiceaohi edoe,sihp1d3h. n n tnei uwaf&tehUeat. 7reno nt11hnrrT0m,a.i Pd.,8 b0nFroyp ,af let r ,2oM.oisltkrs, lb ty

hc suwspu,ai ctfledcsdc, .itgph a l drctseft 2rad ocv nse iso irsclt naawhd o9i1g aii”ha“hoiaetviW e rg”’en,Ag tsrho,orle, ee , trmseaa dongamd•t—a esemoi n bcatedihrd rse delacimlhitne e mAatiwe nirCae boM isBaIWd iiniisaiu tvrieiWntw,enBam0ir rln dt.el avrh1hydaos0armrr m.rsm rn’h nin,l.saoginnnck rc,nhusbtf bimI s ease pA“gtsdiAc oel/ e nciserai sfaucaegralfin lgitiectieN s Ie-oefIynaangic npitea ptCihtf2caA

___ _______

a98nc aor skcfipeercemdeoh oe eiom.2M-cykfaecc.f hie4le a’ofe h;i&omirCi Khrafr m7rifbceiasanir4n3md ntb 6tKprmr .cpic raicgaoH@ -1 r.a4c