stlplace

(Source: lsnhs.leesummit.k12.mo.us)
I can think of a few reasons:
1) He sees value in BNSF;
2) He want to use some cash so that his successor won’t have too much cash to squander (this is legit considering his age, and a lot of times people make mistake when they are rich);
3) Last but most important, financial crisis taught […]

link to 2009 PDF annual shareholder letter here.
Buffett CNBC interview
(part 1 here, following the link from part 1 to get to part 2 to 8 )

Recommend reading by Buffett
Keynes’s *General Theory*, chapter 12
Intelligent Investor Chapter 8 and 20
My Notes
p. 4
Our market gain is better because in 1965 Berkshire shares sold at an appropriate discount to […]

Mr. Peterson has background both in government and private sector: he has been commerce secretary and is co-founder and senior chairman of Blackstone (the private equity group). Very wise guy in my mind.
Charlie Rose interview July 3, 2009 (link)

Questions America must ask on health costs (Financial Times, Oct 14, 2009, link)

Warren was asked about Healthcare reform at Fortune Most Powerful Women’s conference.
Embedded video from CNNMoney.com Video

About recession (economy) and investing.
Embedded video from CNNMoney.com Video
I found the questions posed by Fortune journalist to be more interesting than CNBC Becky Quick (video below). Warren Buffett to CNBC: No “Bounce” For Economy, But Residential Real Estate Has Improved.

I mentioned him a while ago (via. WealthTrack program). Fox Business link here. He is probably one of the best mutual fund managers in the world (from his long term performance).
Watch the latest business video at FOXBusiness.com
BTW, here is Jean-Marie Eveillard lastest buys (GuruFoucs).

David Swensen (head of Yale endowment management)
Individual should be responsible to educate themselves if they actively manage their portfolio or just go passive: investing in index fund (this is echo to Buffett, Bogle). There is nothing in between (in other words, he thinks doing something in between can not bring good performance).
David is not a […]

(Presentation May 27) NRG Energy at Deutsche Bank Securities Energy & Utilities Conference.
(Noise from OptionMonster May 27) Options prepare for drop in NRG. I am not expert in Options, but I think stock price should affect option (derivative) price, not the other way around (as the NRG options shown in Yahoo Finance). Maybe guys […]

(Update) RationalWalk has a much more comprehensive piece on Berkshire Q1 results.
(Original) News from San Jose Mercury News. Quote:
Berkshire says it sold 13.7 million of its 79.9 million shares of ConocoPhillips during the first quarter to generate a loss that can offset past capital gains taxes.
More details from its Q1 earning report (PDF). Again […]

(Update 04May09) Buffett CNBC interview. (Monday Becky Quick)

I did not go to the Berkshire annual shareholder meeting, partly because of the recession (cost cutting), partly because I sold the stock recently (note: one does not have to buy stock to get the admission ticket, they sell it at $5 on eBay). There are live blog […]

(Update 04May09) CNBC interview.

(Update 01May09) Today PBS Nightly Business Report (NBR) Susie Ghalib interviewed Charlie Munger at Omaha.
(Original) One lesson I should learn from him: trade less.

Two reasons:
1) Transaction cost;
2) One usually makes money from carefully selected bets.
Separately I noticed Berkshire Hathaway stock (NYSE: BRK.A; BRK.B) got a nice bump today, as we […]