Warren Buffett’s sobering advice: ‘Reaching for yield is really stupid’ but ‘very human’
Billionaire Warren Buffett told CNBC on Monday that investors should not reach for yield beyond their risk-tolerance, even with interest rates so low and stocks seemingly like the only place to get a return.
“If you need to get 3% and you can only get 1%, the answer is … you should always adapt your consumption to your income,” Buffett said on “Squawk Box,” following Saturday’s release of his