The Financial Times theorises that Warren Buffett's secret buy is the Yen.
But he lost nearly a billion betting against the dollar two years ago. Foreign exchange speculation is a casino game and Buffett is famous for caution.
What if his currency purchase is linked to his search for a large company to buy? In other words, Buffett could be looking to protect the purchase price from inflating because of a fall in the dollar. In that case, discovering the currency he's chosen might also hint at the company he's stalking; and vice versa.
But he lost nearly a billion betting against the dollar two years ago. Foreign exchange speculation is a casino game and Buffett is famous for caution.
What if his currency purchase is linked to his search for a large company to buy? In other words, Buffett could be looking to protect the purchase price from inflating because of a fall in the dollar. In that case, discovering the currency he's chosen might also hint at the company he's stalking; and vice versa.
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