In 1948, conventional wisdom considered the newly-reestablished Jewish State insolvent economically, indefensible militarily, a basket case, totally dependent upon handouts.
In 2018, Forbes Magazine quoted Warren Buffett (February 26, 2018): "I'm not Jewish, but Israel reminds me of the USA after its birth. The determination, motivation, intelligence and initiative of its people are remarkable and extraordinary. I'm a big believer in Israel's economy." According to Forbes, "Buffett just purchased a $358MN stake in Teva Pharmaceutical, 1.8% of Teva's outstanding shares…. In 2006, Buffett's Berkshire Hathaway purchased an 80% stake in Israel's Iscar for $4BN, its first international acquisition…. In 2013, Berkshire bought out the remaining 20% for $2BN…. Other Israeli companies purchased by Berkshire include eVolution Networks, creators of wireless network energy savings software, Ray-Q Interconnect, a distributor of electronic components and AgroLogic, a designer of electronic control units for agriculture…."