The decline in interest rates that followed inflation’s defeat created bubbles in stocks and houses and fuelled a “reach for yield” whose undoing is at the heart of the current crisis.
2
巴菲特在他最新的传记《滚雪球》里巧妙地描述了自己的选股思路。
"Buffett, in his latest biography of the" snowball "skillfully describes his stock ideas."
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