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Elsewhere, Mr. Buffett, 71, and his longtime partner Charlie Munger, 78, were less bullish on ways to make money, saying 6percentto7percentcent was a fair return on investments in the current environment of low interest rates.
Past experience may count for less in the current environment of low inflation, which makes the cost of borrowing less onerous in the early years of a mortgage loan.
The two authors continued: "The current environment of low interest rates, which has so far kept debt service payments under control in G-7 economies despite surging deficits and debt levels, provides a window of opportunity to set the adjustment process in motion".
Larry Summers recently gave an example of how this would work in the US: in the current environment of low oil prices, a $25 per tonne tax on carbon would raise over $1 trillion over the next 10 years while only lifting US gas prices by a mere 25 cents for the consumer.
In the current environment of low interest rates and strong energy prices, these trusts continue to be compelling buys.
If it is not adding to the bottom line today, then they don't need it, especially in the current environment of low commodity prices.
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"In the current environment of extremely low interest rates, older, higher-yielding assets are maturing and are being replaced by lower yielding investments," Mr. Gruenberg said.
Secondly, the Bank needs to move away from the current environment of very low interest rates and quantitative easing policy.
The Fed's advisory suggested, "In the current environment of historically low short-term interest rates, it is important for institutions to have robust processes for measuring and, where necessary, mitigating their exposure to potential increases".
Such investments have led to disappointing outcomes for many, and the current environment of record-low interest rates leaves savers with few options for safely building nest eggs.
In the current environment of decent growth, low inflation, and pro-business policies, Tepper added, investors "can't be short".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com