In Buffett we trust: II

Reading Time: < 1 minute In this turbulent market, most of my stocks took hits, from China Mobile (NYSE:CHL) to Arch Coal (NYSE:ACI), to Chesepeake Energy (NYSE:CHK), Marathon Oil (NYSE:MRO), not to mention the once-high-flyers such as Sohu (Nasdaq:SOHU) and Wuxi Pharma (Nasdaq:WX), both of which I already sold. At the same time, I am happy to see my two… Continue reading In Buffett we trust: II

Sub-prime credit crisis unfold

Reading Time: 2 minutes (source: Last Monday was one year anniversary of sub-prime (and subsequent credit crisis), here is an interesting time line I found at BBC. Quote: 8 March (2007) Biggest US house builder DR Horton warns of huge losses from sub-prime fall-out. 12 March (2007) Shares in New Century Financial, one of the biggest sub-prime lenders… Continue reading Sub-prime credit crisis unfold