| In a lofty address that at times resembled a campaign speech, the chief executive of Wal-Mart Stores, H. Lee Scott, said that “we live in a time when people are losing confidence in the ability of government to solve problems.” But Wal-Mart, he said, “does not wait for someone else to solve problems.” Mr. Horowitz said Wal-Mart had room to improve, however. Its next goal, he said, should be to stop selling the least energy-efficient products, rather than simply introducing better models. |
| Warren Buffet on the Decline in The U.S. Dollar |
| Written by David Neubert | |||
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"We are following policies in the this country that will lead to a continued decline in the dollar." Says Buffet. Munger references an amazement that the decline in the U.S. dollar has not lead to any significant inflation. Buffet and Munger both mention the fact that oil in Euro's is not up that much. And that Americans are going to have to start thinking about currency in their business. The world is changing for Americans. What's an investor to do? Buffet doesn't like paying away the carry it takes to be short the dollar. He recommends buying companies that make money in foreign markets. My view exactly. That's why I (David Neubert) like General Electric (GE), Coke (KO) and the like.
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