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More Buffett/CNBC: "Bonds (AGG, BND, TLT) are priced artificially," he says, and investors in...

More Buffett/CNBC: "Bonds (AGG, BND, TLT) are priced artificially," he says, and investors in long-term paper stand to lose a terrific amount of money. It echos weekend comments where he told Omaha concert-goers, "I feel sorry for people that have clung to fixed-dollar investments."
Comments (15)
  • LOL yeah they have had a rough 30 years....
    6 May 2013, 08:19 AM Reply Like
  • Good point, bonds have done great last 30 years, capital gains, as rates fell from sky high levels. I don't think most people have 20-30 yrs to buy and hold stocks, I need to make money short term in stocks, can't suffer big paper losses. Following the trend is easier, so I just let this SA blogger do the hard market chartwork for me
    http://bit.ly/WpVqYk
    6 May 2013, 08:38 AM Reply Like
  • But, the operative word is "had."

     

    Can't live tomorrow yesterday.
    6 May 2013, 10:09 AM Reply Like
  • I think the short term holders will have losses too...its just a safe haven..that is all....
    6 May 2013, 08:29 AM Reply Like
  • Give me a break. Buffet knows interest rates are never going up voluntarily. They are going negative from here. The tru put is under the bond market. Just read David Einhorn's "Jelly Donut" write up.
    6 May 2013, 08:36 AM Reply Like
  • The same Warren Buffett who said in March that "he has always admired the leadership of Goldman Sachs". Sorry, Warren, we don't all have the ability to seek rents via crony capitalism bestowed through political patronage. Ergo, we have to invest in bonds for relative safety.

     

    Cognitive dissonance - what happens when a guy who is supposedly giving advice for the little guy, says he admires "the leadership of Goldman Sachs".
    6 May 2013, 08:42 AM Reply Like
  • The guy lost any chance of credibility with me when he preached of needing higher taxes on the rich while fighting a battle with the IRS over a billion or so bucks he owed in income tax.
    6 May 2013, 11:07 AM Reply Like
  • He mean higher taxes on "the rich", not higher taxes on the Super Rich!
    6 May 2013, 12:54 PM Reply Like
  • Ah yes. Faith restored, thank you! ;)
    6 May 2013, 12:59 PM Reply Like
  • Cognative dissonance...or is he just evil?

     

    You can never convince me a guy that successful suffers fools.
    6 May 2013, 08:48 AM Reply Like
  • Cry me those crocodile tears, Warren. It is precisely this type of market that you have helped to voluntarily create, and shape to fit your investment needs. You opposed the Keystone Pipeline because that would lessen the traffic on your railroads carrying oil in tankers. Your stake in Bank of America soared after you went to Obama and made some sort of quid pro quo.

     

    I equate you with George Soros.
    6 May 2013, 09:23 AM Reply Like
  • If we have a stock market correction in the next month or so treasuries will go up in value. Warren is right in the "long term", but I'm holding for now.
    6 May 2013, 09:48 AM Reply Like
  • Buffet is a wolf in sheep's clothing. On the surfact he may appear like a Mayberry ah, shucks! kind of guy. In reality he and Obama are tight.
    6 May 2013, 09:48 AM Reply Like
  • Buffett felt sorry for investors as early as 1946 (when rates were 1% and destined to go higher).

     

    As for the remarks about the great past 30 years,,,

     

    "Thirty fat years and thirty lean years."
    6 May 2013, 09:53 AM Reply Like
  • Mark your calendar: July 14, 2010; the day Buffett and Obama met to fix the 2012 election deal. Buffett: I support taxing the better off and be one rich man favoring Obama fiscal/election platforms; you Obama, get the green lobby and Leftwing Dems to rally the troops against XL. Wow! What a deal. Obama wins term 2, the XL is blocked with howls of green blah blah and Burlington Northern trains rumble south with 6,000 tank cars full of Bakken/Canadian crude every day. What a pay off! Berkshire Hathaway profits soar. Meanwhile we keep buying lots of "clean" Saudi and Venezuelan crude to feed east coast refineries at $20 premium Brent crude prices. That's an extra bonus for the Saudi lobby, our dear friends from Saudi. It's a win-win-lose deal.
    6 May 2013, 10:29 AM Reply Like
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