Warren Buffett didn’t become one of the world’s richest people by betting against America.
In remarks Tuesday night at a Forbes party celebrating 100 great living “business minds,” the Berkshire Hathaway chairman noted that none of the other honorees did either.
“Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” Buffett said according to Reuters.
“It has been 241 years since Thomas Jefferson wrote the Declaration of Independence. Being short America has been a loser’s game. I predict to you it will continue to be a loser’s game.”
Buffett has earned $5.7 billion in the past 12 months according to the Bloomberg Billionaire’s index, putting his net worth at $78.8 billion, fourth-highest in the world.
Buffett also predicted the Dow Jones Industrial Average would be “over 1 million” in 100 years, given how the index has performed since it was first introduced over a century ago. The index closed Tuesday at 22,370.80, and is up 23% over the past year.
Bear in mind that Buffett was being a little disingenuous with his predictions about the Dow. While the 1-million mark sounds astounding, the Dow would only need to grow by 3.8% annually, which is historically lousy.
Still, Buffett was so pleased at the Forbes event that he literally burst into song, singing a duet of “The Glory of Love” with Stevie Wonder. An attendee posted footage on Instagram: