47 sats \ 2 replies \ @kilianbuhn 16 Aug \ on: Berkshire becomes the dumping ground for US T-Bills - for now econ
The question is why. Buffett is smart enough to know that holding fiat where interest is below inflation is extraordinarily stupid. He might be a fiat person but he knows this.
Does he think stocks and real estate and gold (or Bitcoin but he doesn't like Bitcoin we know that) are an even worse place to be right now? What does he know what we don't?
He may know as much as anyone but has drawn different conclusions.
Or maybe he has a personal interest in the current financial system, its personal
Or something else
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