WC Whiner

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.