Monday, October 11, 2010

Buffett: Stocks Clearly Cheaper than Bonds

From this CNBC article:

"I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time."

Quite a contrast to what Buffett was saying ten years ago or so.

 Adam

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