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Tag: credit-crisis

  • 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 shares of Berkshire Hathaway (NYSE:BRK.B) stood calm, and even went up a bit. Why?

    (Fox interview David Sokol, Chairman of MidAmerican Energy, a Berkshire Hathaway holding)

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  • Sub-prime credit crisis unfold

    Reading Time: 2 minutes

    sub prime loan pic
    (source: www.stride.co.uk)

    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 in the US, were suspended amid fears it might be heading for bankruptcy. See the New Century entry at Wiki here.
    …
    A year later (lots of bad things happened in the past year):
    …

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