Reading Time: < 1 minute (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… Continue reading Why Buffett bought BNSF and did stock split?
Reading Time: 1 minute 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
Reading Time: < 1 minute 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)
Reading Time: < 1 minute Warren was asked about Healthcare reform at Fortune Most Powerful Women’s conference. Embedded video from CNNMoney.com Video
Reading Time: < 1 minute 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).
Reading Time: < 1 minute 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… Continue reading WealthTrack Notes
Reading Time: < 1 minute (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… Continue reading Exelon NRG Energy saga continues
Reading Time: < 1 minute (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… Continue reading Berkshire sold some ConocoPhillips shares in Q1 and April
Reading Time: 2 minutes (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… Continue reading Random thoughts on Berkshire annual meeting weekend
Reading Time: < 1 minute (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.