From a Wall Street Journal story by Akane Otani headlined “Warren Buffett’s Berkshire Hathaway Posts Big Loss in Rocky Market”:

Warren Buffett is still betting on America.

Stocks and bonds slumped in 2022 after central banks raised interest rates at a rapid pace to try to rein in inflation. But Mr. Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he continues to believe in the resilience of the U.S. economy.