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Stocks B / Berkshire Hathaway

URL:  http://boards.fool.com/peter-i-dont-mean-to-pile-on-but-cash-at-25-30558271.aspx

Subject:  Re: bond risk to OIns industry- comments? Date:  2/23/2013  3:23 PM
Author:  susan400 Number:  199028 of 218838

Peter- I don’t mean to pile on, but cash at .25 has strategic value, of course I have been saying that for 10 yrs after seeing Jim Grant’s quote. Have not been heavy in cash, but know too well, it isn’t as simple as today’s rate. Getting old here, in 1981, just 3 yrs into the brokerage field, XON’s div was 8%, t-bills 19% and 30 yr 14.4%.
It WAS HARD to buy a 30 yr, after it had been down 48% in just 3 yrs, but. Exxon, accept 8% over 19 in bills? A client smarted that I bought 1000 shs, 25K, I think div reinvested is about 900k today.