JOE: Here’s, you know, listening to you talk, though, Warren, when you say with your comments about bonds, that makes me think of financial assets in general, which includes stocks. And I think about the printing presses not only in this country, but around the world. You’ve seen the commercial, cha-chung, cha-chung, cha-chung, with the […]
Tag: bonds
The Question of Conservatism
Editorial note: this article is an excerpt from Buffett Partnership Letter, January 24, 1962 The above description of our various areas of operation may provide some clue as to how conservatively our portfolio is invested. Many people some years back thought they were behaving in the most conservative manner by purchasing medium or long-term municipal or government […]
Buffett: Maturity and the Mathematics of Bonds
Many people, in buying bonds, select maturities based on how long they think they are going to want to hold bonds, how long they sire going to live, etc. While this is not a silly approach, it is not necessarily the most logical. The primary determinants in selection of maturity should probably be (1) the […]