Deals
Buffett Says Stocks Are ‘Less Attractive’ But Still Beat Bonds
- CEO says Berkshire’s cash is piling up on valuations
- Buffett says he continued buying shares of Apple this year
Buffett Says Stocks Still Attractive Versus Bonds
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Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds.
When asked why cash has been piling up at Berkshire, he told Bloomberg Television’s David Westin, “It tells us stocks aren’t as cheap as they’ve been most of the time.” Buying shares after the 2008 financial crisis, Buffett said, was like “shooting fish in a barrel.”