Do you think Buffett made his fortune investing in T-Bonds? No, he made
his money investing in companies that grow their earnings by 20% a
year...oh wait, that's what google is doing.

There is more to valuing a company than looking at their 2006 earnings
compared to a 4.6% T-Bond coupon. Earnings grow, coupons don't. 20% a
year doubles in about 3.8 years. Coupons don't double. When companies
grow, their inherent value increases. The principal on your bond
investment doesn't (excluding interest rate changes). Ten years down
the road, the money you plunked down on your bond investment is still
the money you plunked down on your bond investment. If you're going to
tell me that Google is going to still be worth 121 billion ten years
down the road then you're crazy. The article doesn't take that into
account either.

The author of that article is obviously trying to sell his investment
company's products. If you want in, they can guarantee you a 5% 1 year
return. Of course, they're not investing in T-bonds either, they're
probably investing in Google, making 20%, then giving you a 5% thank
you note for letting them invest your money.