"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."
Showing posts with label warren buffett. Show all posts
Showing posts with label warren buffett. Show all posts
October 17, 2008
What does the world richest man think about CASH?
"Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value."
October 7, 2008
Why you should “Beware of geeks bearing formulas”?
Warren Buffett
Photo by: Baker / Redux
Warren Buffett committing a total of $8 billion to Goldman Sachs and General Electric.
Mr. Buffett is also the largest shareholder in Wells Fargo, which last Friday swept in with a $15 billion bid for another banking company, Wachovia, offering seven times what Citigroup did at the start of the week.
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