shopkeeper

Convertible bonds play part of defensive strategy

USATODAY.com Money - Waggoner  Thu, 02/12/2009 - 20:24

Superinvestor Warren Buffett is fond of comparing the stock market to a manic-depressive shopkeeper. Sometimes Mr. Market sells apples for $10.

Other times, he lets them go for 10 cents. It all depends on his mood.