Warren Buffett Interview at Fortune MPW | 2014-10-07

(October 7, 2014) Recently, at Fortune’s Most Powerful Women Summit, legendary value investor and Berkshire Hathaway CEO Warren Buffett said that if you are looking to place a bet against the dollar, or that interest rates would soon rise, you should just take out a plain vanilla, 30-year fixed mortgage. In fact, Buffett seemed amazed that more people weren’t doing it. “You would think that people would be lining up now to get mortgages to buy a home,” Buffett said at the conference. “It’s a good way to go short the dollar, short interest rates. It is a no-brainer. But so far, home construction pickup has been slower than I had anticipated.” The advice seemed like classic homespun investment wisdom from Buffett, another example of how the average Joe could do better than Wall Street. “Worried that rising inflation or interest rates will crush your retirement account? You don’t need to buy a currency swap or a derivative. In fact, you can do better than the fancy hedge funders. Just buy a house, or refinance the one you have into a 30-year fixed mortgage, if you don’t have one already.” --------------------------------------------------------------------------- Subscribe NOW to Warren Buffett: https://www.youtube.com/c/BuffettOnli... Learn more from Warren Buffett: Like us:   / buffettonline   Follow us on Instagram:   / buffett.online   Follow us on Twitter:   / buffettonline   #BuffettOnline #WarrenBuffett #CharlieMunger