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Buffett Advice on Investing
OMAHA, Neb. (AP) _ Billionaire Warren Buffett says investing in
stocks is almost always preferable to investing in bonds or gold.
Buffett offered Fortune magazine an excerpt from his annual
letter to Berkshire Hathaway shareholders that will be released
later this month.
Buffett says investing in a productive asset, like stocks or the
businesses Berkshire owns or farmland, offers the best chance for
investors to increase their purchasing power over time.
He says investors who turn to bonds or gold in times of market
panic often fare worse over time because bond interest rates have
trouble keeping up with inflation and taxes. And he says the only
way gold prices increase is if the number of fearful investors
continues to grow.
© Associated Press
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