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 “Be Greedy When Others Are Fearful”: Why Buffett Didn’t Buy More at the Bottom (Yahoo Tech-ticker) More importantly, I think controlling one’s emotion is key in this market (like yesterday and today :-(. Obviously easily said than done. Yesterday I read the WSJ top page story on people trading AIG stock, most of them lost… Continue reading Portfolio management: lessons learned from Buffett
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: 2 minutes When I say “play Buffett” I meant people who follows Buffett investing strategy, more specifically people who buy and hold his company Berkshire Hathaway (NYSE: BRK.A, BRK.B) stock. This is not easy as Buffett’s strategy is not clear cut, and his company stock is mostly overpriced in recent years (because of his fame), not to… Continue reading NRG Energy: a better way to play Buffett?
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 From Yahoo Tech-ticker. I don’t know about Wells, but I have US Bancorp shares (NYSE: USB). The stock appears expensive if you look at the price book ratio, which is a common metric to measure bank stocks. But USB is a very different bank compared to others, it’s a conservative lender. Since I opened my… Continue reading Buffett bets on Wells, US Bancorp
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: 2 minutes Week in review 042009 – 042509 According to Obama administration‘s stress test, the magic number is 19. Basically they are saying the US gov will do whatever necessary to keep the big ones afloat because they are systematically important. Or in laymen’s words, they are too big to fail. Sorry, those smaller ones, I mean… Continue reading How many banks are too big to fail?
Reading Time: < 1 minute From gurufocus, we can see investor gurus like Buffett’s buy and sell actions, usually 45 after the close of a quarter. NRG Energy is an interesting one, because it’s going to build the first nuclear power plant in the US for 30 years, and the offer Exelon put up last Oct. (0.485 share of Exelon… Continue reading Buffett NRG Energy average cost