Warren Buffett's Bet on America

Warren Buffett's letter emphasizes America's economic resilience, highlighting the benefits of capitalism and increased GDP per capita. He refrains from endorsing political candidates but subtly supports Hillary Clinton. Buffett predicts challenges for BNSF due to low oil prices but avoids short-term economic forecasts. He acknowledges potential future investment mistakes but remains optimistic about IBM's long-term prospects. Buffett continues to reduce bond investments, preferring acquisitions like Precision Castparts.

What is Buffett's stance on his investment in IBM?

What long-term trend regarding bonds does Buffett indicate in his letter?