> Warren Buffett Blog: Warren Buffett on Detroit investment potential

Monday, September 22, 2014

Warren Buffett on Detroit investment potential

Americans love cars. It all started here [in Detroit]. You can always get people’s eyes to light up when you sell them a new car.”

We’re ready to buy a business here tomorrow, Every city has issues, that’s the time to buy.

Investment was paralyzed. [In 1975 New York was almost Bankrupt]. Look at it today. Great cities will remain great as long as they tackle (their) problems.