This is a great blog post by money manager Jeff Matthews on Buffett and Goldman from the Berkshire annual meeting. Buffett and Goldman
READ MOREOn a Knife’s Edge
“The Greek tragedy of being unable to pay for the debt built up during the years of unprecedented low yields reads across to the rest of our governments all too well. The fact is most of us are living on the same knife edge.” Read here: Greece is not that different
READ MOREInvestor A.D.D.
From 1940 to 1980, the average holding period that investors held on to stocks was as high as 10 years to as low as 4 years. Then in the 1980s, the holding period started to fall to as low as 1.5 years in the late 1980s, before a brief bounce to two years in the […]
READ MORESeth Klarman Harvard Interview
Seth Klarman is one of the greatest investors ever, in my humble opinion. Check out his interview with Harvard Business School: Seth Klarman Harvard interview
READ MOREIs China like Dubai?
Wow. Must read editorial by Edward Chancellor on the parallels between China and Dubai. Here is the best part: Dubai’s ambitions weren’t merely domestic. Dubai World and its subsidiaries, with their assumed government backing, went on a debt-fuelled global buying binge. Dubai’s economy expanded rapidly in the boom. But much of this growth came from […]
READ MOREAlice Schroeder Interview
Jeff Matthews just posted a lengthy, yet excellent interview with Alice Schroeder, who wrote the book Snowball about Warren Buffett. Jeff Matthews Interview
READ MOREBill Julian
I highly recommend you read Bill Julian’s latest letter. I really liked it. Here is a snippet from the letter. He compares wildfires to today’s economic (mis)management: The tools that Washington will use to try to control these burns really amounts to its own balance sheet together with a policy of extending, amending and pretending. […]
READ MOREWhy Are You Sitting in Cash?
The Treasury Department and the Federal Reserve with help from Congress and the White House is making something very, very clear. They are going to devalue the American dollar through the printing of money, maintaining excessively low interest rates and out of control government spending. If you are sitting on excess cash and that cash […]
READ MORERussia: An Uninvestable Country
Ikea said Tuesday that it was suspending further investment in Russia, apparently because of pervasive corruption and demands for bribes. The announcement came after a rare statement by Ikea’s 83-year-old founder in a radio interview that Ikea had decided not to solve problems by slipping money under the table. Kudos to Ikea for standing up […]
READ MOREAn Inconvenient Talk
This is a very fascinating and scary article about “The Talk” a Peak Oil proponent gives about how our world is going to change. A must read: An Inconvenient Talk
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