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IPFS News Link • Economy - International
First things first, Omaha’s most famous oracle said he expects stocks
and dividends to continue to rise and that the U.S. economy will likely
continue to grow in 2014, albeit while maintaining what has been a
pretty slow trajectory and he cautioned against kneejerk selling of
stocks on turmoil in Ukraine or concerns over China. Read: Warren Buffet tells heirs to put his estate in index funds.
Asked if fears over the situation in Ukraine were warranted, Buffett
replied: “Well, I don’t know whether they’re not warranted in terms of
the market. I mean, I didn’t sell my farm yesterday with it. I didn’t
sell my property down near [New York University], so why should I sell
my businesses?”
Buffett also said he would steer clear of bitcoin. Buffett said the
cryptocurrency is an effective way to transfer money, but so is a paper
check.
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