August 11, 2010
– Comments (2) |
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My thoughts on the matter. I welcome all respectful/ informed feedback.
Buffett is a world class bridge player....he bluffs like no one you have ever seen.....
The man is sitting on billions in cash..........if there is deflation, he owns the world.....
"In the second quarter, Buffett continued to rebalance Berkshire's $34.5 billion fixed-income portfolio toward shorter maturity bonds..."
Perhaps he's just worried about default risk in longer term bonds. I wouldn't put a single dollar in 30 year bonds, even if they were paying 12%...