Best Buffett Quote Ever

July 9, 2011

Warren Buffett, the famed investor and head of Berkshire Hathaway, always seems to produce humorous quips in a folksy way that teach a lesson. I saw this courtesy of My Investing Notebook. “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more [...]

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Mark Zandi Claims Slowdown is Over…Look Out Below!

July 6, 2011

Here is a recent analysis from Moody’s chief economist, Mark Zandi. Zandi gives good interview as he is a polite, articulate, handsome guy, but he epitomizes the Constanza principle if anyone ever has. On the Big Picture blog, Barry Ritholtz has done a great job of laying out the case against Zandi. I won’t even [...]

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Rewarded for Failure

July 3, 2011

How many of you could totally screw up at your job and not feel any pain or punishment? If you aren’t a corporate CEO, you probably can’t. Here is an article profiling a few corporate execs who jumped the shark at their previous firms only to latch onto high paying exec jobs at other companies. [...]

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The Federal Reserve Spanks Consumers Again

July 1, 2011

In yet another display that the Federal Reserve serves no purpose other than to help banksters, the Fed backtracked on its intention to lower the fee banks can charge for debit card transactions. Starting this July, banks were only going to be allowed to charge 12 cents per debit card transaction. This would help consumers [...]

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Are Corporate Insiders Sending a Sell Signal?

June 30, 2011

I have been following the buy/sell ratio of corporate insiders for some time, and I have found that the number of shares sold greatly outnumbers the buys – often over 500 to 1. Corporate insiders are not putting their own money into their company stock, but they sure are cashing in the stock they have. [...]

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Perfect Encapsulation of Memorial Day

May 30, 2011

This does a better job of explaining Memorial Day than words ever could (hat tip to my Coast Guard buddy Sean Cross). Please think of our military and veterans during this day.

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Fed Secrecy Revealed

May 27, 2011

There is a decent article in the Huffington Post today about the Federal Reserve’s secrecy, citing how the Fed provided over $30 billion in loans to Goldman Sachs, the Royal Bank of Scotland, and Credit Suisse at the ridiculously low rate of 0.01%. Wish I could get a mortgage at that rate. This is all [...]

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States Already Exhibiting Short Term Thinking

May 21, 2011

From an article on Yahoo News, many states are already clamoring that the recent budget cuts be rescinded due to an uptick in state tax revenues. As an example, Wisconsin is “projecting” an additional $636 million in revenue for the upcoming fiscal year. So many groups are pressuring the governor to relax the projected cuts, [...]

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S&P 500 Falling to 400?

May 18, 2011

Great video from the Financial Times where Russell Napier is interviewed. Napier is a thoughtful analyst, historian and money manager who understood the problems of 2008 and called the 2009/2010 rally – so one is wise to listen to him. In this video, he explains why he sees the S&P 500 falling to 400 from [...]

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Still Bleak Outlook for Housing

May 17, 2011

Here is a well researched article on the current state of the housing market. It was sent by John Mauldin, but the research is from Gary Shilling. I follow Gary’s work religiously as he called the housing bubble well before it imploded. If you are a realtor, you may not want to read this as [...]

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