Buffett buys government and corporate bonds

Bloomberg reports Buffett, dubbed the Sage of Omaha, spent $2.6bn in bonds in the three months to 30 June, compared with just $350m on stocks. Berkshire held about $11.1bn in foreign government bonds in its insurance units as of June 30, compared with $9.6bn three months earlier. Meanwhile, Buffett's Berkshire posted its best quarterly results for nearly two years in Q2, fuelled by the strong stock market rise. It posted a net income of $3.3bn for the period, 14% higher than the $2.88bn recorded for the corresponding period last year. A number of the group's underlying companies...