But when it comes to trend forecasting outside Wall Street, the "Oracle of Omaha" is either far removed from Main Street… or, as a major financial backer and Hillary Clinton supporter, is he shilling for her by demeaning "many Americans," including us, who have documented an America in serious socioeconomic decline?

Warren Buffett: Quit your crying, the US is fine

"It's an election year, and candidates can't stop speaking about our country's problems (which, of course, only they can solve). As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do," Buffett wrote in Berkshire's annual letter.

"That view is dead wrong: The babies being born in America today are the luckiest crop in history," declared Buffett, one of the world's wealthiest men with an estimated net worth in excess of $60 billion.