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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: RealMuLan who wrote (29093)5/1/2005 6:15:32 PM
From: Chispas  Read Replies (2) of 116555
 
Buffett and Munger warn of real estate "bubble," risk of terrorist nukes

May 1, 2005: 1:19 PM EDT

By Jason Zweig

OMAHA, Neb. (CNN/Money) - It was below freezing in Omaha early Saturday morning, with frost silvering the golf courses and rolling lawns of the city where Warren Buffett's Berkshire Hathaway Inc. is headquartered.

But the atmosphere was warm inside the Qwest Center arena, where roughly 20,000 shareholders gathered from around the world to hear Buffett and his vice chairman, Charles Munger, answer questions for more than five-and-a-half hours.

Buffett and Munger on:

* Real estate

* The trade deficit and the value of the dollar

* The threat of terrorism

* The overall climate for investors

* The auto industry

* The NYSE's merger with Archipelago

* Whether pharma stocks have become bargains

Complete article -

money.cnn.com
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