Buffett on the Dollar: "Whatever"

Some interesting commentary from today’s proceedings at Berkshire’s annual meeting…

WSJ Deal Journal captures Warren Buffett’s commentary on the weakness in the US dollar:

A few years ago, Berkshire had a significant “short” position on the dollar, amounting to a multi-billion-dollar bet on the currency’s decline. On Saturday, Buffett said the company hasn’t really been active in foreign exchange lately.

“There’s no question the purchasing power of the dollar will decline, but I think the purchasing power of many currencies around the world” will also decline, he said.

A short position, he explained, would reflect an expectation that the U.S. dollar will decline at a faster rate than other countries, and he doesn’t have a strong view on whether that would occur. Hence, “we’re unlikely to make a big currency bet,” Buffett said. He also cited an observation by Berkshire vice-chairman Charlie Munger that the dollar of 1930 is now worth about six cents today.

A pretty nonchalant attitude toward the currency situation compared to everyone else’s emphasis on it.  Click over for what Buffett thinks about gold and oil as well.

Source:

Buffett on the Dollar, Gold and Oil (Deal Journal)

What's been said:

Discussions found on the web
  1. Bitcoin Evolution Review commented on Sep 23

    … [Trackback]

    […] Here you will find 80787 more Info on that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  2. sweet shop online commented on Sep 29

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  3. buy axiolabs online commented on Oct 08

    … [Trackback]

    […] There you can find 11391 more Info to that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  4. Kimber Guns for Sale commented on Oct 14

    … [Trackback]

    […] Here you will find 47543 more Information on that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  5. buy pinball machines online commented on Nov 09

    … [Trackback]

    […] Here you can find 33280 more Information to that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  6. 토토사이트 commented on Dec 09

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  7. Functional Testing commented on Dec 20

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  8. 스포츠토토365 commented on Dec 28

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]

  9. replica watch commented on Dec 29

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/04/30/buffett-on-the-dollar-whatever/ […]