Subject: Re: Recap of the meeting, well done
From the recap: "One major reason why Buffett is somewhat shifting away from equities is anchored on the juicy yield that treasuries offer. Especially in a stressed macro environment, it might not necessarily be prudent to risk capital for a 10% equity yield, when low risk treasuries yield close to 5%."

I agree, as I noted previously. That said, I'm always looking for good-value investments and initiated a small position in Pfizer (at a 2-year low) this past week. We'll see how it goes. In the meantime, it pays a divvy of 4.3% (ex May 11).