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Warren Buffett on Currencies
2008-05-09 07:11:25
Warren Buffett said that the Canadian dollar is likely to outperfom the U.S. dollar in coming years. He himself had bought a couple of billion dollars worth of Canadian currency some time ago. However, he regreted that he didn’t buy more and kept them longer. He also continues to hold the Brazilian real. It appears the [...] ...

Buffett to Investors - Think Small
2008-05-04 07:43:03
Last Saturday morning at Berkshire Hathaway’s annual meeting, CEO Warren Buffett and vice chairman Charlie Munger answered questions from the Berkshire shareholders. Here are some of their comments. On Future Returns  Buffett: We would be very happy if we earned 10%, pre-tax. Anyone that expects us to come close to replicating the past should sell their stock; [...] ...

Warren Buffett Buys Wrigley
2008-04-29 19:00:25
Warren Buffett once again shows his preference for investing in easy to understand businesses when he teams up with candy maker Mars to buy Wm Wrigley Jr, the world’s largest chewing gum meaker for US$23 billion. The recently announced deal meant that Berkshire Hathaway will have a minority stake in Wrigley. The purchase price of US$80 [...] ...

Buffett Hosts University of Pennsylvania’s Wharton School Students
2008-04-19 11:15:59
In early April, Warren Buffett invited 150 students from the University of Pennsylvania’s Wharton School to his premise. Fortune Magazine was also invited to sit in with the chance for an interview. The following were covered in the session: Why the efficient market theory is misguided. Why it is very difficult to regulate people. His thoughts about the [...] ...

More on Omaha Visit by NUS Students
2008-04-11 16:31:59
With reference to my earlier post on the Warren Buffett by NUS students, I got lucky and managed to find a report of their visit. Here are some key extracts from the students about Warren Buffett: Warren Buffett is a big believer in value investing - buying shares that are trading at a lower price than [...] ...

Warren Buffetts Shares with University of Missouri Students
2008-04-06 03:55:34
A few days ago, Warren Buffett took part in a question-and-answer session with business college students during the “Emerging Issues and Trends in Real Estate” forum and educational conference at the Trulaske College of Business at the University of Missouri. The session was conducted over a video conference. These are some points from Warren Buffett: Develop your [...] ...

Some NUS Students Got Lucky
2008-04-03 18:21:43
Some lucky postgraduate students from the National University of Singapore got a chance to visit Warren Buffett during a recent study trip to the US in February 2008. It was the first time an Asian university held a dialogue with the investment guru. The 21 Master in Business Administration or MBA students also visited companies like [...] ...

Berkshire Annual Letters 2001
2008-03-13 12:09:46
It has been a while since I last sumarised the annual letters that Warren Buffett writes to his shareholders. I was halfway through the 2001 letter, and will attempt to round it up here. In that year, Warren Buffett had lukewarm feelings about stocks for the rest of the decade. He felt that the market had [...] ...

Warren Buffett on CNBC Squawk Box
2008-03-05 11:27:29
A few days ago, Warren Buffett had a live appearance and interview session on CNBC Squawk Box with Becky Quick. The session was pretty long and a part of it was for Warren to answer a series of email questions from CNBC’s readers. I’m producing a summary of some points from the interview. Some of [...] ...

Warren Buffett’s Letter to Shareholders for 2007
2008-03-03 04:47:12
Warren Buffett has just released his latest annual letter to his Berkshire shareholders a few days ago. While I haven’t read through the entire thing yet, a quick scan shows Warren critisising pension funds for their over-optimistic projections of their returns. And get this, Warren Buffett thinks that the 8% assumed by the funds is not [...] ...

Ask Warren Buffett Your Question
2008-02-27 15:17:05
CNBC’s Squawk Box will be interviewing Warren Buffett this coming Monday morning and has invited us to send in our own questions. From the questions received, CNBC will select some to ask Warren. If you are interested to send in your question to Warren Buffett, you can do so at this page. Related PostsDiscounted Cash Flow [...] ...

Playing Bridge is More Interesting than a Naked Woman
2008-02-22 04:33:23
Warren Buffett is addicted to Bridge. He has this to say: You know, if I’m playing bridge and a naked woman walks by, I don’t ever see her. You have to look at all the facts. You have to draw inferences from what you’ve seen, what you’ve heard. You have to discard improper theories about what the [...] ...

National Lifelong Income Scheme
2008-02-15 05:26:17
This post is specially for my Singapore readers (or anyone with vested interest with CPF monies in Singapore). A few days ago, our government has released details of the new annuity scheme for us. They have nicely called it The National Lifelong Income Scheme. The scheme is flexible with different payout dates available. If you are rushing [...] ...
Income  National 

Warren Buffet in Canada
2008-02-13 17:55:36
Last week, Warren Buffett answered questions for almost 90 minutes during his appearance in Toronto to promote Business Wire’s expansion into Canada. He covered quite a bit on ground on credit, currency and the economy. Warren Buffett also revealed that he made “several hundred million dollars” owning the Canadian dollar, then sold, and now wishes he [...] ...
Buffet  Canada 

Warren Buffett to Bail Out Bond Insurers
2008-02-11 17:55:33
Warren Buffett mentioned in an interview with CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it’s not getting a very warm reception. Warren Buffett had offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit [...] ...
Buffett  Warren Buffett 

Buffett Tells FOX Business Not Interested in Ambac, MBIA
2008-02-06 05:55:31
Dispelling rumors running in the market, Berkshire Hathaway (BRK.A) chief Warren Buffett says they have no plans to bail out troubled bond insurers MBIA (MBI) and Ambac (ABK). In an interview with FOX Business anchor Liz Claman, Warren Buffett said his strategy is to create new companies in the sector, rather than bailing out existing troubled [...] ...
Buffett  Business  Fox 

The Day the US Dollar Sets
2008-02-03 13:58:16
I’m not too sure when these interviews were made, but I really liked the analogy given by Peter Schiff. Have a look. Related PostsNo More US Dollars For Supermodel Gisele BundchenBrazilian supermodel Gisele Bundchen has joined Warren Buffett an...Warren Buffett Cuts Berkshire’s Bet Against US dollarJust a short update on some news before I finish up [...] ...
Dollar 

More Subprime Woes
2008-02-02 07:54:01
After missing a deadline to raise capital, the world’s fourth-largest bond insurer, Financial Guaranty Insurance Co., had its AAA credit rating cut to AA at Fitch Ratings. The insurance unit’s top rating was placed under review by Fitch, Moody’s and S&P in December after downgrades of securities backed by subprime mortgages. Fitch gave the company until [...] ...

George Soros on the Current Market Crisis
2008-01-25 09:45:27
I just read an article by George Soros which was published in the Financial Times. Inside this article, George Soros talks about how the current crisis is the culmination of a credit expansion super-boom that has taken place over the past 60 years. Some points from his article include: End of an era of credit expansion with [...] ...
Crisis  Market 

Warren Ups Stakes in Burlington
2008-01-18 10:11:35
This week, Warren Buffett paid close to $74 million for about a million shares in Burlington Northern Santa Fe. This pushes Berkshire’s stakes to nearly 18 percent. The buying of Burlington shares has been picking up speed of late. Last week, another 750,000 shares were bought. There was a purchase made almost every day of that [...] ...
Stakes  Ups 

Asia Trader and Investor Convention
2008-01-12 18:20:49
Some of you might be interested in this event. Besides the Singapore event, it will also be held in Malaysia, Vietnam and India. Asia Trader & Investor Convention (ATIC @Singapore 2008). Date    :       1 - 2 March 2008 Time    :       9am to 6pm Venue   :      Suntec Singapore, Hall [...] ...
Asia  Investor 

Berkshire Hathaway Assurance Insures Bonds
2008-01-10 04:15:43
Berkshire Hathaway Assurance, Warren Buffett’s  newly setup bond insurance firm, has insured bonds for the first time on Tuesday. It was reported by Reuters that Goldman Sachs bought insurance for their $10 million worth of bonds from New York City. Both Raymond Orlando and Mike Duvally, the spokesman of New York City office of management and Goldman [...] ...

Sovereign Wealth Fund Investments
2007-12-31 05:59:02
Recently, there have been a spate of sovereign wealth funds buying big stakes in distressed financials. Singapore’s Temasek Holdings and GIC, China’s China Investment Corp, and middle eastern funds flush with oil dollars have all injected cash into Morgan Stanley, Citigroup, UBS and Bear Stearns. In an interview on CNBC, Warren Buffett mentions that he has [...] ...
Wealth 

Free Briefs or Boxes
2007-12-26 07:46:06
Joke by Warren Buffett: At the Omaha airport on Saturday, we will have the usual array of aircraft from NetJets available for your inspection. Just ask a representative at the Civic about viewing any of these planes. If you buy what we consider an apprpriate number of items during the weekend, you may well need your [...] ...
Boxes 

Loss Development in Insurance Accounting
2007-12-24 06:09:15
Berkshire Annual Letter 2001 (Part 3) Warren Buffett recommended reading Jack Welch’s book, Jack, Straight from the Gut. In the words of Warren Buffett, Jack Welch is smart, energetic, hands-on, and expects much of both himself and his organisation. In investing (just like insurance), you can produce outstanding long term results primarily by avoiding dumb decisions, rather than [...] ...
Accounting  Development  Insurance 

Why do Most Investors Lose Money?
2007-12-19 07:45:53
There are many reasons why an investor or a trader can lose money. One main reason is being too fixated on the price of his stocks. When Warren Buffett buys shares, he treats it as a purchase of a business (either whole or part of). The market price is simply a quote that he can use to [...] ...
Investors  Money 

Christmas Video Gift
2007-12-18 05:26:39
A Christmas video from me to you. This is a beautiful dance. Try not to cry when you watch this. Related PostsMerry Christmas and Happy New Year!I would like to wish all my readers a Merry Christmas and offer m...Warren Buffett MBA Talk at University of Florida (Transcripts)About 2 months ago, I made a post that [...] ...
Christmas  Gift  Video 

Becky Quick Interview With Warren Buffett on Squawk on the Street
2007-12-14 07:19:14
A few days ago, Warren Buffett was in San Francisco doing a fund raising campaign for Hillary Clinton. While he was there, he was interviewed by CNBC’s Becky Quick on Squawk on the Street. These are some of the points covered during the interview: What the Fed rate decision means to him His views on the economy The reason [...] ...
Buffett  Interview  Street  Warren Buffett 

Fed Rate Cuts to an Investor
2007-12-12 06:52:32
The Fed had just cut rates by 25 basis points. This is the headline I see from Yahoo news. “Stock Falls After Fed Cuts Rate“ This is another headline I see from the previous month: “Stocks Rise on Fed Cut”  If you are a long term investor, should you even be concerned with whether the Fed is cutting or [...] ...
Investor 

Warren Buffett buys $2B worth of TXU bonds
2007-12-06 05:48:11
Last week, Warren Buffett put $2 billion of Berkshire Hathaway’s cash to work by buying high-yield bonds issued by Dallas-based power producer TXU Corp. Berkshire(NYSE:BRK) bought into two bond issues by TXU. One was a $1.1 billion purchase of 10.25% bonds at 95 cents on the dollar to give Buffett an effective yield of 11.2%. Berkshire [...] ...
Buffett  Warren Buffett