has sg got what it takes to succeed ?

[madmansg]

BUFFETT: No, I--the short-term outlook is not. But we've had a number of recessions in this country; in fact, we had a Great Depression, we had--we've got world wars. And throughout, the genius of the American economy, our emphasis on a meritocracy and a market system and a rule of law has enabled generation after generation to live better than their parents did. And, I mean, most of the people in this room, practically all of them last night, lived better than John D. Rockefeller lived. I mean, all kinds of things have happened. And in the 20th century alone, the standard of living of the average American went up seven for one. There's never been a period like it in history. And that's not an accident. It's because we unleash human potential and will continue to do that in the future. And we'll always have challenges and we'll always have disputes between different demographic groups and income groups. The rich don't want to pay their share of the taxes. The poor probably, you know, they--in the last 20 years, the net worth of the Forbes 400 has gone from 220 billion to a trillion five hundred and forty billion. So you'll always have fights within the family about who gets what of the pie, but the pie will grow