Reading Time: 2 minutes Berkshire Hathaway, a.k.a, Warren Buffett’s diversified holding company, reported a not-so-good quarter Friday after market close. Here are the results. (full size pic here) On the surface the result is not good. But I think the loss from derivatives is on the paper and will be temporary. What do we learn from Buffett Discipline, discipline,
Reading Time: < 1 minute New York Times Op-ed piece (10/17/08): Buy American. I Am. Buffett article Fortune Magazine 11/10/2001: Warren Buffett on the Stock Market: What’s in the future for investors You can read more Buffett and Munger stuff at Warren & Charlie page.
Reading Time: < 1 minute Here is the Google video. He also talked about the financial crisis, human psychology in terms of bubble, herd mentality etc. which is my favorite part (but I have to admit I am one of the herd). The interview last about 54 min.
Reading Time: < 1 minute In this turbulent market, most of my stocks took hits, from China Mobile (NYSE:CHL) to Arch Coal (NYSE:ACI), to Chesepeake Energy (NYSE:CHK), Marathon Oil (NYSE:MRO), not to mention the once-high-flyers such as Sohu (Nasdaq:SOHU) and Wuxi Pharma (Nasdaq:WX), both of which I already sold. At the same time, I am happy to see my two
Reading Time: < 1 minute When the Master speaks, we all listen. Here is what he said on CNBC “squawk on the street” Aug 22. Note I don’t pay attention to CNBC and “Squawk on the Street”, unless it’s someone like Buffett or Gross (Pimco) speaking. Here are the transcripts at CNBC. I read it from trader1688 first. Some interesting
Reading Time: < 1 minute His plan is basically use more wind for electricity power, free up the natural gas for transportation (automobiles). Currently natural gas cars are still not as versatile as gasoline cars. But I have seen and heard natural gas powered taxi in Shanghai, and gas powered bus in the States. Natural gas is more environmentally friendly
Reading Time: < 1 minute Background Couple days ago the Apple stock got a hit not just becaues of the soft earning guidance, the more important reason is the company declined to answer the health question of its co-founder and CEO Steve Jobs in the earning call. You tube videos Great Artists Steal – Triumph of the Nerds – Revised
Reading Time: < 1 minute You Tube video: John Templeton interviewed at Wall Street Week at PBS. He was talking about the market in 1989: Germany; Japan stock market hit the top and started going down; Hongkong; US, etc. John passed away today, at age of 95.
Reading Time: 2 minutes NBC will pay $3.5 billion for weather channel, weather.com and its related properties. News here. Hm, I think besides the travellers, people interested in the weather include commodity traders. The commodities range from crude oil, natural gas, heating oil, to crops. The reason goes like this, if natural disaster like Hurricane Katrina happens, it will
Reading Time: < 1 minute We only need two, according to Buffett, at 2008 shareholder Q&A session (transcript at GuruFocus). Note Q5, WB answer, he noted the following two courses: 1) how to value a business; 2) how to think about stock market fluctuations. I think the first one is obvious, all the accounting, financial and quantitative skills. The second,
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