H
hmmmmmmmm
Guest
In the second chapter of Warren Buffett's new biography, he's giving a speech at Sun Valley. At one point he talks about how "Aesop was not much of a finance major" because sometimes "a bird in the hand is better than two birds in the bush, and sometimes two in the bush are better than one in the hand."
The book then goes on to explain that 'birds in the bush were expensive because interest rates were low and that fewer people wanted cash (the bird in the hand) at such low rates."
What does a bird in the bush represent? Why is it expensive when interest rates are low? Why do fewer people want cash?
Also, what does cash mean in terms of investments? Is it like money in a savings account?
The book then goes on to explain that 'birds in the bush were expensive because interest rates were low and that fewer people wanted cash (the bird in the hand) at such low rates."
What does a bird in the bush represent? Why is it expensive when interest rates are low? Why do fewer people want cash?
Also, what does cash mean in terms of investments? Is it like money in a savings account?