Buffett on 0% interest rates

Warren Buffett emailed this note to the directors of his company, Berkshire Hathaway (BRK.B), 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.”

Source: Fortune

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4 Responses to Buffett on 0% interest rates

  1. Hi, we have recently launched a blog, The Buffet Post (www.buffetpost.com), which is a general investing/stock magazine concentrating on news/opinion.

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    I like your site and your writing but I think it would be cool if you could join BuffetPost.


  2. Pingback: Warren Buffet Blog Carnival | FinancePuzzle

  3. Mastermind says:

    i cant wait for buffets “mastermind theory”

  4. Buffett Fan says:

    Very funny quote ! I hadn’t seen it but I shall be off to Fortune to see what else he said. Thanks.

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