Warren Buffett: The Dollar will Decline

The world’s most famous investor, Warren Buffett predicts the U.S. dollar will decline and warns investors to avoid long-term fixed dollar investments like the 10 year U.S. Treasury bond. http://www.fool.com/investing/general/2011/03/28/buffett-warns-the-dollar-will-decline.aspx?source=ihpsitth0000001

So, what does Buffett suggest you invest in? Stocks. If you want to invest like Warren Buffett, consider the stocks Buffett holds in high esteem. Coca-Cola (NYSE:KO) is a ubiquitous brand with a serious competitive advantage and efficient business model. Buffett owns about 200 million shares. Wells Fargo (NYSE:WFC) is another company Buffett loves and owns about 342 million shares. Both are solid companies with strong balance sheets and should continue to do well.

In my humble opinion, if you haven’t already bought KO or WFC, you probably missed the boat. Prices have appreciated quite a bit since the March 2009 lows, which was when I bought. I do like Berkshire Hathaway Inc (NYSE: BRKA/BRKB) stock. Why not consider owning a part of Buffett’s company? Class B shares (BRKB) are affordable due to the relatively recent stock split and are priced at about $84. Class A stock sells for about $126,431 a share and is out of reach for most individual investors. Besides price, the only real difference between the two is that BRKA shares come with voting rights.

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