Considered one of the richest people in the world, Warren Buffet was quoted in Germany's Der Spiegel weekly that he believe that we are already in a recession. Buffet was quoted saying. "Perhaps not in the sense as defined by economists ... But people are already feeling the effects of a recession."
Berkshire Hathaway currently has about $35 billion in cash to invest in companies.
The companies he's been involved in recently, such as the Wrigley merger, reflects his longstanding strategy of buying solid, iconic companies, value companies, and food-related companies that have a strong utilitarian bent. He likes real assets. Nothing frou-frou about him.
Original article quoting Buffet: http://www.spiegel.de
Warren Buffet's Co.: http://www.berkshirehathaway.com
No comments:
Post a Comment
Hello, Please