Buffett: It’s ‘Quite Clear’ Stocks Are Cheaper Than Bonds
Wednesday, 06 Oct 2010 09:34 AM
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Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said equities are a better investment than debt securities.
“It’s quite clear that stocks are cheaper than bonds,” Buffett said at Fortune magazine’s Most Powerful Women conference in Washington.
“I can’t imagine anyone having bonds in their portfolio when they can own equities.”
Buffett built an equity portfolio of about $55 billion by buying and holding stocks of companies that he believes have durable competitive advantages. Berkshire is the largest investor in Coca-Cola Co. and Wells Fargo & Co.
He also said Wall Street is like a church that benefits society, then falters by operating a gambling venture on the side.
Wall Street "does a lot of good things and then it’s got this casino,” Buffett said Tuesday at Fortune magazine’s Most Powerful Women conference in Washington. “It’s like a church that runs a raffle on the weekend.”
Buffett relies on investment banks to help finance acquisitions such as his $27 billion purchase of railroad Burlington Northern Santa Fe and to offer derivative contracts that allow him to speculate on the stock market.
Omaha, Nebraska-based Berkshire invested $5 billion in Goldman Sachs Group Inc. in 2008 at the depths of the credit crisis. Buffett has also faulted Wall Street for excessive bets on U.S. housing.
“People have a propensity to gamble, and it gets made easier and easier for them,” Buffett said. “One of the problems we still have is we have unbalanced incentives for managers of huge financial institutions.”
His remarks echo comments made last year that bankers must face a “downside” on pay to limit risk-taking.
“I don’t look at Wall Street as evil,’” he said last year. “I look at Wall Street as given to huge excess sometimes. I don’t want to get rid of it. We need something to allocate capital and distribute securities.”
http://www.moneynews.com/StreetTalk/Warren-Buffett-Quite-Clear/2010/10/06/id/372769
ode SPX [thumbsup]
ćao međedi [bye]
Da li je tko kupovao šečer?
Našao sam samo LSUG i SUGA ali na LSE, ima li štogod na NY?
Taj Buffet je toliko posenilio da ne zna ni koja je godina… [lol]
Slušam danas na CNBC da bi FAZ mogao do proljeća doći na nekih 6-7 dolara, čini mi se ipak da ti analitičari malo pregone, ako dođe na 6 dolara i ja se spremam na ulaz pa kud puklo da puklo.
Boli me salgija, nemam FAZ…nisam ga nikako niti kupovao..
Da li je tko kupovao šečer?
Našao sam samo LSUG i SUGA ali na LSE, ima li štogod na NY?
Što se mučiš na NYSE, imaš od Vira, baš je fin, u Dioni, po 5 kuna kilogram. Ja danas uzeo kilu, to mi dovoljno za neko vrijeme. [thumbsup]
Slušam danas na CNBC da bi FAZ mogao do proljeća doći na nekih 6-7 dolara, čini mi se ipak da ti analitičari malo pregone, ako dođe na 6 dolara i ja se spremam na ulaz pa kud puklo da puklo.
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e na 6 dolara cu i ja razmisljati o ulazu u faz… [lol] [lol] [lol] taman ce nasi znalci kapitulirati
bome bager praši 1172 već
jak bull
samo kad kod nas krene neće više dolje tako brzo
akumulacija u tijeku
međedi ćao [bye]
mislim da neki mogu slobodno poceti pripremati gace za nataknuti na stap…
danas bi se trend u usa mogao okrenuti…
[wink]
Bilo je jasno da danas nema ništa od pada ovaj čovjek je uvjek na suprotnoj strani, najbolji indikator za trgovinu kad on proda ti kupi i obratno i uspjeh je zagarantovan.
Ovaj čovjek koliko pratim ovaj forum još nikada nije pogodio, smiluj mu se Bože da i on vidi kako je to biti na strani trenda a ne uvjek kontra [lol]
Hebem im Bernankea u čelendru, navijam za korekciju da se ponovo nakrcam dobrih sektorskih papirića koje sam nedavno rasprodao.
opaa banke dobro krenule….FAZ 12,20….nakitili su znalce…..sad sljedi potop [bye]