CNN Money
December 9, 2008, 7:28 pm
Power Point: Buffett on 0% interest rates
Warren Buffett emailed this note to the directors of his company, Berkshire Hathaway, Tuesday after he heard that the U.S. Treasury sold $32 billion in 4-week bills at a 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.”
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