Ok, citing Buffet might not be 100% Independent Thinking, but you have to admit, the guy is often right. According to him, even gloomier news ahead if there is no investment.
Quote (Reuters):
“The investment world has gone from underpricing risk to overpricing it,” Buffett wrote. “Cash is earning close to nothing and will surely find its purchasing power eroded over time.”
“When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s,” he went on. “But the U.S. Treasury bond bubble of late 2008 may be regarded as almost equally extraordinary.”
Filed under: business, thoughts Tagged: | Berkshire, business, Economy, Inflation, Lack of Investment, LinkedIn, recession, Warren Buffet
