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Power Point: Buffett bets on mattresses

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antigop Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 11:19 PM
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Power Point: Buffett bets on mattresses
http://postcards.blogs.fortune.cnn.com/2008/12/09/power-point-buffett-bets-on-mattresses/


“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.”

- Warren Buffett emailed this note to the directors of his company, Berkshire Hathaway (BRK.B), yesterday after he heard that the U.S. Treasury sold $32 billion in 4-week bills at a yield of 0%.
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Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-08 12:18 AM
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1. At least Buffet can laugh in these hard times
After all, he is still worth a few billion, and if he can't laugh how fucked are we
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-10-08 09:43 AM
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2. With negative interest on T-bills
stuffing your cash under your mattress is more lucrative.
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