The Oracle of Omaha strikes again....
NEW YORK (CNNMoney.com) -- Billionaire investor Warren Buffett used a guest commentary article in the New York Times on Friday to announce that he's sticking with stocks.
Buffett, the so-called Oracle of Omaha for his ability to buy up the right companies at the right time for his holding company Berkshire Hathaway (BRK.A), said the worst may not be over for the faltering economy.
"In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary," Buffett wrote.
But for that reason, the Berkshire CEO said, he has converted his personal portfolio almost entirely to U.S. stocks. Previously, he said he owned nothing but Treasury bonds.
Buffett gives investment tips in op-ed - Oct. 17, 2008
NEW YORK (CNNMoney.com) -- Billionaire investor Warren Buffett used a guest commentary article in the New York Times on Friday to announce that he's sticking with stocks.
Buffett, the so-called Oracle of Omaha for his ability to buy up the right companies at the right time for his holding company Berkshire Hathaway (BRK.A), said the worst may not be over for the faltering economy.
"In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary," Buffett wrote.
But for that reason, the Berkshire CEO said, he has converted his personal portfolio almost entirely to U.S. stocks. Previously, he said he owned nothing but Treasury bonds.
Buffett gives investment tips in op-ed - Oct. 17, 2008
