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TIP484: How Warren Buffett Became the Greatest Investor to Ever Live (Part 2)
We Study Billionaires - The Investor’s Podcast Network
Buffett's Biggest Investment - The Dow Jones Industrial Revolution
One year ago, the 10-year treasury was trading at 1.5%, and today is trading at a 3.3% yield with the CPI inflation at over 8%. This has the potential to have cascading effects, worsening economic conditions, and the potential for contagion that I mentioned earlier. Personally, I believe it's much better to be the person with low levels of debt and plenty of cash because you have the ability to buy assets for the cheap if the opportunity ends up rising. On the flip side, some with little to no cash flow in lots of debt are in that same position to take advantage of such opportunities. This is what Buffett is doing just at an immensely larger scale
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