"Interest rates are to asset prices sort of like gravity to the apple," said Warren Buffett at...

|By:, SA News Editor

"Interest rates are to asset prices sort of like gravity to the apple," said Warren Buffett at the Berkshire (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.