Bill Cara: FUBAR or Foobar, we all recognize it, Fri., Apr. 28, 2006, 9:28 AM: "Circumstances in free markets today are such that �borrow and spend� has gone overboard, and the world is afloat in paper money seeking an economic return.
But the two people in the world who have the most money (and by definition the most opportunities and research and management resources) have each decided that things are too FUBAR to sensibly put that money at risk.
Yes, Bill Gates and Warren Buffett have decided that holding cash is the prudent thing to do until the world gets its act together."
They've been accumulating cash for awhile now. Warren because there's "no deals to be had in the market" and Bill, well, probably to fight all those legal battles.
I would like to see Warren pay out a dividend, even though he said he would never do something like that it would really stir the markets. (+ the stock)
Friday, April 28, 2006
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