Monday, March 09, 2009

Buffett: On Stocks and the Economy

In classic Buffett fashion, Warren Buffett talks about the US Economy, its prospects and his mistakes. Its honest, thought provoking and a little funny. My favorite part of the article:

"Over 10 years, he said, "you will do considerably better owning a group of equities" than U.S. Treasuries.

Buffett also defended his imperfectly timed October opinion piece for The New York Times, where he said he was moving non-Berkshire holdings in his personal account to stocks.

"I stand by the article," he said. "I just wish I had written it a few months later.""

Its a relatively short article that I think you will find interesting.

Scott Dauenhauer CFP, MSFP, AIF