|
Vinvesting.com is the leading website for value investors where you can get the latest investment ideas, insights and interviews from great investors like Warren Buffett, Templeton etc. Over the last 70 years, value stocks clocked a 13.4% average annual return, vs. 10.2% for growth stocks, according to Ibbotson Associates. |
Buffett’s Prediction on Effects of Growing Trade Deficit Turning Out to Be True
By admin - Posted on July 10th, 2008
Tagged:
Warren Buffett wrote an article for the November 10, 2003 Fortune about the negative consequences of America's growing trade deficit. In the article, Buffett tells the story of the citizens of Squanderville and Thriftville. The citizens of Thriftville work hard to produce goods for which the Squanderville are willing to pay.
America is Squanderville. Soveriegn wealth funds have been buying hundreds of millions of securities of American companies and American real estate.
- Email this page

Delicious
Digg
Facebook
Google
Yahoo