Daily Investment Tips

In a speech given in New Delhi March 25, 2011, the chairman of Berkshire Hathaway, Warren Buffet predicted the decline of the U.S. dollar.

The billionaire investor warned investors to avoid “long-term fixed-dollar investments” such as 10-year U.S. Treasury bonds. Buffett worries that the $2.3 trillion in new money the US government has pumped into the economy, when combined with interest rates so low they’re practically giving money away, are combining to dilute the value of the dollar.

U.S Dollar Projection: Forecast : Prediction

As a result, Buffett warns: “If you ask me if the U.S. Dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not.”

written by Constantine Njeru \\ tags: 10 Years, Berkshire Hathaway, Billionaire, Buffett, Decline, Dollar Investments, Economy, Giving Money, Interest Rates, Investor, Investors, March 25, New Delhi, New Money, Purchasing Power, Trillion, U S Treasury, U S Treasury Bonds, Us Government, Warren Buffet

The latest business news is that Warren Buffet, the Oracle of Omaha has tapped 39-year-old Todd Anthony Combs to manage a major part of Berkshire Hathaway investment portfolio.

That appointment will only and fuel to burning question? Who will succeed Warren Buffet? Is Todd Anthony Comb the chosen one?

Is he Berkshire Hathaway Next CEO

Todd Anthony Combs, who is CEO and portfolio manager at Greenwich, Conn.-based Castle Point Capital Management, will “handle a significant portion of Berkshire’s investment portfolio,” Buffett, 80, said Monday, in announcing Combs’s hiring.

Todd Anthony Combs is by birth a Floridian who graduated in 1993 from Florida State University with majors in finance and multinational business operation.

written by Constantine Njeru \\ tags: Berkshire Hathaway, Buffett, Burning Question, Business Operation, Capital Management, Castle Point, Ceo, Comb, Conn, Florida State University, Floridian, Greenwich, Heir, Investment Portfolio, Latest Business News, Majors, Multinational Business, Oracle Of Omaha, Portfolio Manager, Warren Buffet