Top 5 Quotes from Berkshire's Annual Meeting [View article]
Thanks Jeff. That removes some internal conflict for me. It admits the higly overleveraged reality we are in.
I have noticed that Buffett is increasingly avoiding common equity and lending out Berkshire money for high interest preferreds and warrants. Berkshire also put a lot into COP, a commodity based stock.
IMHO: I think Buffett knows governments have screwed up the monetary gears, ....but being publicly negative about government has no positive consequences, ...and is not doing yourself a favor.
On May 03 12:41 PM Jeff Miller wrote:
> WB did not say that we are headed into stagflation. The CNBC transcript > cites him as follows: "Inflation has the "potential" to be worse > than the 1970s." www.cnbc.com/id/29592831 > > The author of the piece in your link mentioned that the 70's was > a time of stagflation. The term "stagflation" is not mentioned in > the transcript. > > WB remains positive on economic prospects, as this helpful summary > indicates.
Top 5 Quotes from Berkshire's Annual Meeting [View article]
I have noticed that Buffett is increasingly avoiding common equity and lending out Berkshire money for high interest preferreds and warrants. Berkshire also put a lot into COP, a commodity based stock.
IMHO: I think Buffett knows governments have screwed up the monetary gears, ....but being publicly negative about government has no positive consequences, ...and is not doing yourself a favor.
On May 03 12:41 PM Jeff Miller wrote:
> WB did not say that we are headed into stagflation. The CNBC transcript
> cites him as follows: "Inflation has the "potential" to be worse
> than the 1970s." www.cnbc.com/id/29592831
>
> The author of the piece in your link mentioned that the 70's was
> a time of stagflation. The term "stagflation" is not mentioned in
> the transcript.
>
> WB remains positive on economic prospects, as this helpful summary
> indicates.