Pensamento do dia Assuntos Gerais raffi em 03/04/14 8:34 “In an environment with low interest rates, companies that arent capital intensive will be undervalued and companies that are capital intensive will be overvalued. If you are paying 0%, you could borrow all the money you needed to operate. The ability to generate excess returns isn't very valuable .... until interest rates rise.“ - Warren Buffett