The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: ild who wrote (18293)	3/8/2004 5:24:13 PM
From: Elroy Jetson	Read Replies (1) of 306849

I like Fleckenstein's quote from Warren Buffett. "When we can't find anything exciting in which to invest, our 'default' position is U.S. Treasuries, both bills and repos. No matter how low the yield on these instruments goes, we never 'reach' for a little more income by dropping our credit standards, or by extending maturities. Charlie Munger and I detest taking even small risks unless we feel we are being adequately compensated for doing so. About as far as we will go down that path is to occasionally eat cottage cheese a day after the expiration date on the carton."

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