Buffet on the Economy
December 10th, 2008 value investor 4 comments Print Investment Article Print Investment Article Email Investment Article Email Investment Article

images Buffet on the Economy
I enjoyed this so much I thought I would share it. Clipped from a Fortune Magazine Blog earlier:
Warren Buffett emailed this note to the directors of his company, Berkshire Hathaway (BRK.B), Tuesday after he heard that the U.S. Treasury sold $32 billion in 4-week bills at a yield of 0%:

This should be bullish for Berkshire. With great foresight, I long ago entered the mattress business in a big way through our furniture operation. Now mattresses have become fully competitive as a place to put your money, and sales will soon take off.

It certainly does underscore the cool nature of Buffett during these hard times, and a reminder of how we should all keep our heads on and look for value.
 
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4 responses to “Buffet on the Economy”

    Ethan Bloch December 11th, 2008 at 01:49

    That is awesome! Thanks for sharing.

    Ethan Bloch December 11th, 2008 at 01:53

    I forgot to ask: Do you have a link to the Fortune Magazine blog post?

    toby December 11th, 2008 at 02:25

    Hi Ethan, thanks for the post. Yes here is the link to the source: http://postcards.blogs.fortune.cnn.com/2008/12/09/power-point-buffett-bets-on-mattresses/

    Ethan Bloch December 13th, 2008 at 01:09

    Thanks Toby.

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