Two of the world’s richest minds told FOX Business’ Liz Claman that they are bullish on the U.S. economy and outlined the risks that may affect future growth.
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“Right now, the U.S. economy is doing well. Innovation in the U.S. is doing well. I think this is, you know, a period where the U.S. formula looks great,” former Microsoft Co-Founder Bill Gates said.
Berkshire Hathaway Chairman & CEO Warren Buffett weighed in on the biggest risks to the stock market in a post Berkshire Hathaway annual meeting interview which took place in Omaha Saturday.
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“A public that gets overexcited about stocks, at some point, becomes the biggest risk to a stock market,” he said.
Gates classified the threat from North Korea and the risks of pandemics as “high impact, low risk.”
“Any type of war, particularly [when] nuclear weapons are involved, is a risk. Pandemic, whether it’s naturally caused or intentionally caused is one that I’ve been sort of encouraging people to think about more, put more resource on,” he said.