Mattress in use: In USA

Most investors know Warren Buffett for his investing acumen. But few know that his sense of humor is equally legendary. The directors of his company, Berkshire Hathaway got a taste of the same when they received an email from the Oracle of Omaha. On learning that the US Treasury sold US$ 32 bn by way of 4-week bills at a yield of 0% - yes, you’ve read it right – he is believed to have said, "This should be bullish for Berkshire. With great foresight, I long ago entered the mattress business in a big way through our furniture operation. Now mattresses have become fully competitive as a place to put your money, and sales will soon take off." Indeed, with investors getting virtually nothing from their fixed return investments by way of interest rates, putting once hard earned money under a mattress seems a far better idea than depositing the same in banks.