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,

stlplace
November 8, 2008

Reading Time: < 1 minute Was on the road on election night. I left the training class at 4:25 at North Little Rock and headed to the LIT airport. When I listened to NPR at around 5:30 PM, the poll in east coast was about to close. When I got to Atlanta for transfer, it was 8:30 PM EST, so

stlplace
November 6, 2008

Reading Time: < 1 minute At Little Rock now. One new thing about my new job is more travel. Because I did not have much travel in my past jobs, I am in the mood for more trips. (source: http://littlerockarkansas.net/) Little Rock, Akansas is not a big town, but it got famous because of President Clinton was from here, he

stlplace
November 2, 2008

Reading Time: < 1 minute Happened to see this from CBS evening news today. The story is titled “Credit Crunch Takes New Face”, and it talks about the credit card crunch for average consumer. “The average American has nine credit cards and owes more than $16,000, not including mortgages…This decade, real wages went up 4 percent while credit card debt

stlplace
October 30, 2008

Reading Time: 2 minutes We all know GM is in trouble financially. Its stock (NYSE:GM) is around $6, a 50 years low. A lot pundits made fun of GM and its stock on TV or the web space. But I have a different feeling for GM. Among many reasons, I think of two: 1) In graduate school I worked

stlplace
October 30, 2008

Reading Time: < 1 minute Week in review 10/20 to 10/25 Bill Clinton visits Kirkwood President Bill Clinton visit St. Louis this past Monday (10/20), and we got a peek at the popular former president. I always admired Bill’s speaking skills. He did the job well: he was making the case for Obama. His main talking points are: on key

stlplace
October 26, 2008

Reading Time: < 1 minute To be precise, it’s the G1 phone from T-Mobile, with the “G” software provided by Google. I did not visit the nearest T-mobile store by Panera, but I saw it from T-mobile web site. The paradigm shift in Smartphone market About 3 months ago we have seen the debut of iPhone 3G, now with the

stlplace
October 23, 2008

Reading Time: 2 minutes BUffett under water Exelon put a bid for NRG yesterday, a bigger power (utility) for another smaller one, not all that interesting or surprising considering current market condition: the drop of share prices and the freeze of credit market (note the utility companies usually rely on bond market to finance its cap ex). But I

stlplace
October 21, 2008

Reading Time: < 1 minute I am talking about the attention it gets from the presidential candidates, their supporters and the media. We already had the biggest event for Obama (100,000 people) showed up on Saturday at Gateway Arch. Today Monday Oct. 20 we had McCain, he spoke in St. Charles in the morning and will go to Kansas city

stlplace
October 20, 2008

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.

stlplace
October 18, 2008
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