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Wednesday, December 10, 2008

Buffett on 0% interest rates

Buffet's note about US Treasury selling $32 billion in 4 week bills at yield of 0%:

"This should be bullish for Berkshire. With great foresight, I long ago entered the mattress business in a big way through our furniture operation. Now mattresses have become fully competitive as a place to put your money, and sales will soon take off."

Source: http://postcards.blogs.fortune.cnn.com/2008/12/09/power-point-buffett-bets-on-mattresses/

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