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.
~ Warren Buffett, in New Dehli, 3/25/2011
Friday, March 25, 2011
Quote of the Day: Warren Buffett
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Buffet's right. Except for the crazies in the world and mother nature shocking us recently, 30 year Treasury yield would be at least 50 basis points higher.
ReplyDeleteThe imploding dollar is sending a message.