Investors buying bonds at the prevailing high prices are 'making a mistake,' billionaire investor Warren Buffett said.
Buffett, speaking Tuesday at Fortune's Most Powerful Women Summit in Washington, said it's "quite clear stocks are cheaper than bonds" now. He added that he "can't imagine" the rationale for adding bonds to your portfolio at current prices.
Article here: New warning from the oracle
Question: Is his stable of insurers pulling out of the bond market or ceasing their fixed income activities? Thought not.
This is my effort to help fit the pieces together to get a better picture of the capital markets.
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.”
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