Buffett hints at bond bubble

Investors buying bonds at the prevailing high prices are 'making a mistake,' billionaire investor Warren Buffett said.

Buffett, speaking Tuesday at Fortune's Most Powerful Women Summit in Washington, said it's "quite clear stocks are cheaper than bonds" now. He added that he "can't imagine" the rationale for adding bonds to your portfolio at current prices.

The Berkshire Hathaway (BRKA) chief made the remarks in an interview with Fortune's Carol Loomis at the 12th annual summit. He said in response to a question by Abby Joseph Cohen of Goldman Sachs that investors will eventually regain confidence in the stock market – but he can't say when.

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