Warren Buffett's Advice to Anxious Investors as America's 'Incredible Period' Ends

Warren Buffett, the renowned investor, has expressed concerns about the state of the U.S. economy, stating that the "incredible period" of growth seems to be ending. Buffett and his business partner, Charlie Munger, attribute this shift to persistently high inflation, rising interest rates, and an ongoing banking crisis. They advise investors to diversify with recession-resistant assets like healthcare real estate investment trusts (REITs) and commercial real estate, explore international stocks in less vulnerable markets, and keep cash on hand. Buffett's preferred asset at the moment is U.S. treasury bills, emphasizing the importance of cash in uncertain times.