Warren Buffett Says Don’t Make Investment Decision Based on the Fed

0
Warren Buffett Says Don’t Make Investment Decision Based on the Fed
Warren Buffett


Published on Sep 8, 2015
Legendary investor Warren Buffett said he has no idea what the Federal Reserve will do with interest rates next week, but he doesn’t base his investment decisions on the Fed. Buffett spoke to TheStreet ahead of a charity luncheon in New York. Buffett said he’s interested to hear about what’s going on in China from the auction winner, Chinese businessman Zhu Ye. China has roiled markets in the last few weeks, but Buffett said investors should buy an index fund and not worry about day to day stock moves. Buffett recently made his biggest acquisition ever, with a $37-billion purchase of Precision Castparts, but that doesn’t mean he’s not looking for more companies to buy. ‘I will be looking every day I promise you that. And if I find something that makes sense, I will move,’ he said. Buffett added his cash position is higher than he’d like it to be. Buffett, who recently turned 85, said he did ‘nothing special’ to celebrate his birthday . ‘I just took a deep breath and found out I was still alive at 85 and decided I’m just going to keep doing that every day for a long time,’ said Buffett.

Get The Full Warren Buffett Series in PDF

Get the entire 10-part series on Warren Buffett in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues


Exclusive: Third Point is diving into the private and SPAC markets [In-Depth]

Nestle Dan Loeb Daniel Loeb third point capital hedge fund manager activist investor poison pen activism Yahoo corporate governance famous investorsDan Loeb's Third Point returned 11% in its flagship Offshore Fund and 13.2% in its Ultra Fund for the first quarter. For April, the Offshore Fund was up 1.7%, while the Ultra Fund gained 2.3%. The S&P 500 was up 6.2% for the first quarter, while the MSCI World Index gained 5%. Q1 2021 hedge Read More


No posts to display