The $700 billion that has flowed into taxable-bond funds in the last five years is larger than flows into U.S. equity funds in the late '90s, but investors today seem to be reacting to fear and not chasing performance.
European banks, energy policy, financial risk models, political gridlock, and tepid real economic growth were among the downsides discussed at Saturday's Berkshire Hathaway annual meeting.
Buffett's revelation of how he values Berkshire's operating businesses highlights the attractiveness of Berkshire's stock, says Sanibel Captiva's Pat Dorsey.