From Newsmax:
Warren Buffet is buying more corporate and foreign-government bonds and less stock these days, a possible sign that he is concerned about rising U.S. inflation.
Buffet's investment company Berkshire Hathaway held $11.1 billion in foreign government bonds in its insurance units as of June 30, compared with $9.6 billion three months earlier, the company said in a regulatory filing.
Berkshire's investments in companies such as plane-rental business NetJets and financial institution Wells Fargo have turned out to be poor bets while securities issued by Goldman Sachs and General Electric are offsetting slumping equity investments.
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