"Interest rates are to asset prices sort of like gravity to the apple," said Warren Buffett at the Berkshire (NYSE:BRK.A) annual meeting last week. "When interest rates are low there is little gravitational pull on asset prices ... To buy $85B/month (is) easy. Don't know what would happen if they tried to sell $85B/month." Peter Boodell's comprehensive notes from the Buffett and Munger Q&A.
"Interest rates are to asset prices sort of like gravity to the apple," said Warren Buffett at...
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Symbol | Last Price | % Chg |
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BRK.A | - | - |
Berkshire Hathaway Inc. |