Buffett Firm Says Safe-Nation Bonds Are Way to Grow Poor
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General Re-New England Asset Management Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc., said sticking with the bonds of the nations perceived to have the best credit will drain wealth as inflation saps value.
“Sovereign bond yields in putatively safe countries are an excellent way to grow poor, at accelerating rates over time,” GR-NEAM Chief Investment Officer John Gilbert wrote in a newsletter on the unit’s website.