He had nothing but positive things to say about the American economy. He spent a large amount of time at the beginning putting things in prospective, to show th

He had nothing but positive things to say about the American economy. He spent a large amount of time at the beginning putting things in prospective, to show the amazing growth we've had since the nation's beginnings. He was careful to always talk about "the next 20 to 30 years." That's something he always does, saying he can't predict what happens over the next year. However, between the lines, it seems like he was not optimistic about the short run. I think you could see it on his face. Maybe it was just not having Charlie Munger around to throw out quips between questions.