Warren Buffett
Gerard Miller | CNBC
Warren Buffett thinks stocks are the place to be invested in for the long haul if interest rates and corporate taxes remain near current levlels.
“If something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses now enjoy, it is almost certain that equities will over time perform far better than long-term, fixed-rate debt instruments,” Buffett wrote in his annual letter to Berkshire Hathaway shareholders, which was released Saturday morning.
The letter also pointed to more exposure for two of his potential successors and addressed the company’s inability to find an attractive,…
Source cnbc.com