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T-Bills vs. Timepieces: Locking Up Wealth or Acquiring Timeless Beauty

Pirates of Finance

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Warren Buffett's Zero Coupon Bonds

Warren Buffett and Ted Said, he's had this great bet about hedge funds. They actually held it in zero coupon bonds. Those put up the collateral and those did better than anything. The thing else, they invested, and I think eventually they flipped it into Berkshire stock. And the charities did much better.

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