Categories
Master Series

Berkshire Buffett COP Conoco Phillips stake

Reading Time: 2 minutes

Last Updated on February 19, 2009 by stlplace

(Update Feb 29 2009) CNBC is putting up some nice words on Buffett today. After all, he lent $3 b to GE (the parent co. of NBC) last fall.

(Original) In these turbulant days, investors, ordinary and professional alike, look for directions from investor guru more than ever. Of course among gurus people pay attention, is Warren Buffett quarterly stock holdings change: people are interested in what he bought and what he sold, some (like yours truely) tried to understand his move and thinking, and follow him if makes sense. To avoid copycats, Buffett usually tries to delay his 13G filings as late as possible (within the deadline of SEC, or other regulatories). He famous sent a regular mail to Hongkong Securities Exchange after he sold the PetroChina stock, postmarked by the deadline of HSE.

Warren Buffett pic

Categories
Economy Stocks

The end of rampant consumerism

Reading Time: < 1 minute

Last Updated on May 13, 2020 by stlplace

(Update May 2020) I found from this website, it seems the US consumer saving rate went up a bit in last 5 years, from 6%, 8% to most recent 13% . I can understand the last part due to pandemic. In fact our restaurant eat out (to go, take out) shrunk a lot. My wife is stocking up groceries and cooking much more.

(Original Feb 2009) From Yahoo Tech-ticker.

I am sure car companies don’t like this, so as the jewery makers, Nieman Marcus, Saks 5th Ave. etc etc.

The most interesing point I heard from this clip is American consumers recently shift from overspent 6% (negative saving rate of 6%) to a saving rate of 3%.