WARREN BUFFETT: Stay The Hell Away From Long-Term Bonds

Discussion in 'Economics' started by bearice, Mar 26, 2011.

  1. If Warren Buffett has one recommendation investors should follow, it's this: stay away from long-term fixed-income bets in U.S. dollars -- the dollar's purchasing power is heading south.

    According to Bloomberg, the Berkshire chief said in India yesterday:

    I would recommend against buying long-term fixed-dollar investments. If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.

    I would much rather own businesses. It’s very easy to take away the value of fixed-dollar investments.

    Complete article: