Warren Buffett says there's no question that the United States' debt is still AAA and that he's not changing his mind about Treasurys based on Standard & Poor's downgrade.
Warren Buffett
Warren Buffett is not changing his mind about Treasurys
"If anything, it may change my opinion on S&P," the legendary investor said.
Buffett is a big shareholder in Moody's [MCO 32.439 0.579 (+1.82%) ], rival to S&P.
And Buffett is putting his money where his mouth is. As of June 30, Buffett's Berkshire Hathaway [BRKA 107818.00 218.00 (+0.2%) ] had $47 billion in cash and equivalents. Buffett tells me that at least $40 billion of that is in U.S. Treasury bills. Not only that, Buffett says almost all of his own personal holdings in cash and equivalents are in T-bills as well.
Warren Buffett
Warren Buffett is not changing his mind about Treasurys
"If anything, it may change my opinion on S&P," the legendary investor said.
Buffett is a big shareholder in Moody's [MCO 32.439 0.579 (+1.82%) ], rival to S&P.
And Buffett is putting his money where his mouth is. As of June 30, Buffett's Berkshire Hathaway [BRKA 107818.00 218.00 (+0.2%) ] had $47 billion in cash and equivalents. Buffett tells me that at least $40 billion of that is in U.S. Treasury bills. Not only that, Buffett says almost all of his own personal holdings in cash and equivalents are in T-bills as well.
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