Fortune magazine had an article by Warren Buffet about why he is buying foreign currencies for the first time in hist life.
In a nutshell:
The article contains an extended analogy about two islands to illustrate the point. It also contains a proposal for how to deal with the trade imbalance.
I don't understand the way trade is measured well enough to agree or disagree with what he's saying. Regardless, always interesting to listen to what America's most successful investor is thinking about.
Posted by dapkus at December 8, 2003 11:01 AM | TrackBack