Friday, August 22, 2008

Buffett: Has No Bets Against The Dollar; Stocks More Attractiive Than A Year Ago

Buffett still on CNBC's Squawk Box says he has no bets against the U.S. dollar right now and no direct currency plays. He also notes that stocks are generally more attractive now than they were a year ago.

Are there bargains in the stock market? Buffett says yes, there are companies that are better today than they were a year ago selling for lower prices. When he gets calls from someone who has just lost billion of dollars and wants to be replenished, he doesn't get that excited. He points out that when someone tries to sell something to you, like an investment, it probably isn't worth buying. The best ideas come from your own ideas and digging.

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