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US vs Chinese Manufacturing

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  • Since the depth of the U.S. manufacturing recession in 2002, the sector as a whole has experienced sustained and robust growth. The year 2006 set a record for output, revenues, profits, profit rates, return on investment, exports, and imports. The United States remains the world’s most prolific manufacturing country, accounting for two and a half times more output than Chinese factories in 2006.

  • — US vs Chinese Manufacturing
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Now, speculation – in which the focus is not on what an asset will produce but on what the next fellow will pay for it – is neither illegal, immoral, nor un-American. But it is not a game in which Charlie and I wish to play. We bring nothing to the party, so why should we expect to take anything home? - alluding to why he and his partner avoid speculation.

—Warren Buffett
(1930-) American Investor
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