Buffett: Rushing Into Bonds “A Mistake”

Warren Buffett says it’s “quite clear” that stocks are cheaper than bonds right now, and says investors rushing to the perceived safety of bonds are “making a mistake”. “It’s quite clear that stocks are cheaper than bonds,” Buffett said at a recent Fortune conference, CNBC reports. “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 [in equities]. If they had their confidence back, they wouldn’t be selling at these prices. And believe me, it will come back over time.”

 

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