Warren Buffett’s thoughts on the American and Canadian dollar
moneyrelations :: Oct.16.2007
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There must have been some sort of a mistake… My invitation to the Warren Buffett speaking engagement this past weekend at Toronto’s Royal Ontario Museum was most assuredly lost in the mail.
Yeah, that’s it.
As reported by both the Globe and Mail and Toronto Star, Mr. Buffett shared some interesting thoughts on Canada at the charity event.
- Buffett believes that the loonie will remain strong and above US parity for the next five years.
- Buffett lingered on the weakness of the American dollar and their trade deficit
- Buffett is interested in the Alberta oil sands.
I find this fascinating due to the fact that Buffett has been paring down his stake in PetroChina. Perhaps he’s looking for another resource that is more palatable due to PetroChina’s controversial involvement in Sudan? Or maybe he’s just taking his profits off the table. Here’s an article in CNN explaining the PetroChina situation.
In his own backyard, Buffett refused to divulge whether he’s buying into US bank Bear Stearns. For the fee of $25,000 for 40 minutes, I’d expect him to list his butcher, baker and candlestick maker. Oh well, the filthy rich can have their glory rubbing elbows at this charity event and I’ll content myself by reading about it online.
In the news, Warren Buffett ::
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Hi TFP,
Fair points. But I also feel as though there are things we can do for ourselves and this blog is about self learning. All those things you described… for self preservation, we all need to understand the basics and protect our interests.
I still haven’t outgrown my five year old self – I always ask why.