However, polls suggest that Mr Trump has caught the mood of the electorate better than Mr Buffett. Gallup reported last week that only 17 per cent of Americans are “satisfied with the way things… Babies born in the United States today, he says, are “the luckiest crop in history”. Warren Buffett is fond of arguing that Americans are far too pessimistic about the economy. The billionaire investor may well have been surprised by the pessimism on display in Republican presidential nominee Donald Trump’s convention speech last week when he depicted an America of decaying industry, crumbling infrastructure and stagnant wages.

Source: The Times July 25, 2016 16:04 UTC