WC Whiner

Warren Buffett Knows Something About USG Corp.

Seconded.

I think the short-term pressures on USG are going to rattle a few folks, JJC included, WB excluded. If you're going long homebuilders here (defensibly, though I think incorrectly), then sure, add USG. If you're staying out of that group waiting for better visibility, as I am (closed my shorts a while back, missing the bottom, oh well), then stay out of USG waiting for the same.

What Buffet knows is a good business when he sees it, and that he personally is not much good at timing entry points.

Berkshire Hathaway Q2 Earnings Preview

Maybe stick the modifier "US equity" in there after "safest," huh? Cash, especially a GDP@PPP-weighted basket of world currencies, isn't just a little safer than any equity investment, but a hell of a lot.

Don't get me wrong, I love me some Buffet and Munger, but buying "cheap" would have put you into homebuilders last fall and considering equities "safest" just confuses even moderately sophisticated clients.

Two little words is all it takes.