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![locked post](https://www.tigerdroppings.com/images/layout/lock.gif)
Interesting Article from the Oracle of Ohama
Posted on 10/17/08 at 10:25 am
Posted on 10/17/08 at 10:25 am
Posted on 10/17/08 at 10:50 am to Carlos Santannaclaus
I'll paraphrase for you...
"I'm buying all stocks, and if you do too, they'll all go really way up. And at my age, I don't have 20 years to wait for that." - Buffet
"Who's with me? Let's goooooooooooo...." - Bluto
"I'm buying all stocks, and if you do too, they'll all go really way up. And at my age, I don't have 20 years to wait for that." - Buffet
"Who's with me? Let's goooooooooooo...." - Bluto
Posted on 10/17/08 at 10:51 am to Carlos Santannaclaus
quote:
And from a guy whose opinion matters.
And his opinion matters more because? Oh yes, he is successful, thinks he should pay more taxes, but for some unknown reason, year in and year out, doesnt pay that extra tax he wants to be mandatory on others. I understand now.
I hope it works as well for him as his silver play years back.
Posted on 10/17/08 at 11:13 am to Carlos Santannaclaus
quote:
Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts.
So Buffett is saying the government actions will lead to inflation, which was my uninformed opinion as well. I remember a thread a few weeks back where some were suggesting that we were likely to see deflation... is that still the opinion of most here? Or have the governments actions made that unlikely at this point?
Also, what are the chances that wages will more or less keep pace with the predicted inflation?
This post was edited on 10/17/08 at 11:16 am
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