Warren Buffett

Value Collector said:

Car's are not going to be phased out, dealerships will just switch to selling alternative vehicles when they become available eg. Electric cars.

When analogue CRT Televisions got phased out, and everyone bought LCD FLAT screens, was that bad or good for the people dealerships selling televisions?

if there is to be a big transition, the dealerships will be winners. It wont change their business model, they will still be making money selling the new cars, getting commissions on finance and insurance packages,

Actually, maybe thats buffets value adding play, considering he is already in the auto insurance business, seems like some good cross promotion opportunities to sell more auto insurance and finance packages.

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The octogenarian also revealed a secret of his longevity in his letter.

During Berkshire Hathaway's upcoming shareholders' meeting, he would consume enough Coke and candy "to satisfy the weekly caloric needs of an NFL lineman," he said.

"There's nothing like eating carrots and broccoli when you're really hungry," he added, "and want to stay that way."

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noirua said:

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... as yields are likely to drop over the next 12-24 months on fading inflation and a dovish Fed shift, Treasurys are poised to celebrate a bull market -- likely rewarding investors with equity-like capital gains. Expecting a 150 - 175 basis point drop in yields, I estimate that 10-year Treasurys may gain 11% to 15%, while the 20+ year Treasurys may appreciate by as much as 23% to 30%.

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