Day: May 1, 2009

Categories
Business

Will Newspapers go away one day?

Reading Time: 2 minutes

Last Updated on May 1, 2009 by stlplace

I remember a few years ago Warren expressed his dismal view on Newspapers future (in his annual shareholder letter). A few days ago Redstone (the controlling shareholder of CBS and Viacom) said something similar in an interview.

“The reason we have not gone to newspapers is because its a slow growth industry and I think they are dying. I’m not sure there will be newspapers in 10 years. I read newspapers every day. I even read Murdoch’s Wall Street Journal.”

I am a newspaper reader. I subcribed to Barrons and WSJ (paper format). Both my wife and I preferred the paper format, because we can mark on it, and it seems to me I think more when read something on paper (vs. computer). Lately I am seeing some interesting phenomena: the WSJ gets thinner and thinner; sometimes I did not receive the paper.

Business problem of newspapers

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Categories
video

Berkshire annual meeting 2009, David Sokol

Reading Time: < 1 minute

Last Updated on May 4, 2009 by stlplace

(Update 02May09) 4 ways to follow the meeting.

(Original) David Sokol is the Chairman of Mid-American Engergy holding, a subsidiary of Berkshire Hathaway (NYSE: BRK.A; BRK.B). He took interview from Becky Quick of CNBC today. The Berkshire annual shareholder meeting starts tomorrow. CNBC BuffettWatch will follow minute by minute. Some people expect shareholders will ask some real questions this time, unlike in the past, let Buffett go loose by asking general questions like how to be successful in life.

Categories
Investing

Stock misconception: listen to experts

Reading Time: < 1 minute

Last Updated on June 13, 2009 by stlplace

A guranteed way to lose money: listen to so-called experts. Barrons is a pretty reputable magazine in investment community. I read them, but I don’t listen to them. Here is an example: the reporting card of Barrons Roundtable 2008. Every year (Jan) Barrons will assembly a group of experts, from famous money managers to analysts such as Bill Gross (Pimco) to Abey Cohen (Goldman Sachs), discussing the outlook of the year, and each expert will share some picks.

Here is an example how things go terribly wrong (I hope no one copied his strategy).

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