Found via The Corner of Berkshire & Fairfax.
Jim Tisch, chief executive officer of Loews Corp., said investors should buy stocks like Exxon Mobil Corp. and Johnson & Johnson after the decline in Treasury and municipal-bond yields.
“There are equities that are rather intriguing, especially when compared to fixed income,” Tisch said today in an interview at Bloomberg headquarters in New York. “When I look at what we’re earning on T bills and round it to the closest whole number, it’s zero.”
