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Germany: Warren Buffett Likes It, And So Do We
Investors have been watching Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett’s moves for years to see which investments are going to take off next.
Back in October, the Oracle of Omaha’s trip to South Korea encouraged our own bullishness on that country’s stock market.
And now Buffett has decided to have a look at Germany.
On a recent trip to Europe, Buffett made stops in Germany, Switzerland, Spain and Italy. But his first priority was to meet with leaders of the German mittelstand – the family-owned, medium-sized companies that are the backbone of the German economy.
“We would like…
21May2008 | Money Morning | Comments Off | ContinuedDueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett’s Housing Expert Sees Rebound Under Way
When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another – once again underscoring how tough it is for investors to predict when the U.S. economy will turn around.
Jim Rogers, a best-selling author who co-founded the famed Quantum Fund with George Soros back in 1970, told Bloomberg News Thursday that the global credit crisis caused by the subprime mortgage meltdown is nowhere near over.
“I doubt that we’re half way through the financial crisis,” Rogers stated at a Barclays PLC (BCS) news conference Thursday in Singapore, where he…
12May2008 | Money Morning | Comments Off | Continued
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