Check out Buffett on CNBC this morning!
3 hr interview with Buffett
His comment about the economy going "off a cliff", has been all over the news today. The media has a delightful way of spreading pessimism. He also says that he sees the economic "machine" functioning well within 5 years, and that we have put systems into effect that should help us recover before then. Another interesting point is that he thinks the worst is over. He stated that he could not get the 10% preferred yields today that he got from Goldman Sachs and GE a few months ago.
SG
Monday, March 9, 2009
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Very well said - the media does seem to enjoy passing on dreadful news. I heard about 'going off a cliff' all day long, but not much about Mr. Buffet's optimistic remarks. How disgraceful! The media seems just as scared now to emit positive comments as they were to pass on negative rumblings when things started to fall apart in the summer of 2007; and this lasted until just recently, when all the headlines turned nasty.
ReplyDeleteWhy do we read or listen to the news? We'd be better off sticking to fundamentals in investing, as you describe in your blog. Thank you - it is quite refreshing indeed!