SubscribeAll Posts Tagged With: "Warren Buffett 2009"
What Warren Buffett Is Buying Right Now
As shares of Berhshire Hathaway Inc. (NYSE: BRK.A, BRK.B) plunged over the past year, it became fashionable to ask whether or not Warren Buffett had lost his touch.
(See: ETF Guide: Down $16 Billion – Has Warren Buffett Lost His Touch?; MSN Money: The problem with Warren Buffett; Forbes: Has Buffett Lost His Touch; Reuters: Is Warren Buffett losing his touch?)
In June, financial advisor and CNBC contributor Dennis Gartman even called Buffett “an idiot.”
But now that Berkshire has rallied more than 35% from its March lows, the only idiots to be found are those that ever doubted the world’s second-richest man’s business savvy. Indeed, many…
19Aug2009 | Money Morning | 0 comments | ContinuedWhy Warren Buffett Got Caught Sucking His Thumb
Next buying opportunity could arrive between September and November
In the section of his annual letter to his stock-holders explaining why their stock plunged 32% last year, Warren Buffett said, “I did some dumb things in 2008 … sucking my thumb when new facts came in that should have caused me to re-examine my thinking and promptly take action.”
Buffett doesn’t often get caught up in the problems that foil ordinary investors.
What is known in studies of human psychology as the ‘status quo bias’ is sometimes one of those problems. We humans dislike change, especially dislike having our minds changed, and usually…
Warren Buffett’s 2008 Letter to Shareholders: Bearish or Bullish?
Details of Warren Buffett’s 2008 Letter to Shareholders have been grossly exaggerated. Most media outlets – financial and mainstream alike – opted for the anti-Bing Crosby angle – accentuating the negative, and virtually eliminating the positive.
In fact, every article I read couldn’t keep from latching on to this single doom and gloom line: “We’re certain, for example, that the economy will be in shambles in 2009 – and, for that matter, probably well beyond.”
But don’t be so quick to label Mr. Buffett as a sudden convert to the permabear camp. A careful study of his most recent letter – because they…
6Mar2009 | Investment U | 0 comments | ContinuedGold Investments Market Update – Oracle of Omaha Warns of “Onslaught of Inflationâ€
Gold rose sharply in Asia and was up by more than $10 per ounce before trading even commenced on the TOCOM – it rose from $941.60/oz to nearly $960/oz but has given up some of those gains in early trading in London and is now trading back at $950/oz.
Gold and silver fell over 5% and 9% last week after surging in the previous weeks and remain up nearly 8% and 17% so far in 2009. In the short term anything can happen in all of these markets and volatility remains very high in all markets. Correction and consolidation was expected…
3Mar2009 | The Gold Blog | 0 comments | ContinuedWhy Buffett Does What He Does
Several headlines have noted Berkshire Hathaway shares are hitting five-year lows. Some think Warren Buffett, Berkshire’s billionaire CEO, has lost it.
Short seller Doug Kass, for example, says Buffett is guilty of style-drift, i.e., getting outside his "core competencies" as an investor.
Recently, Buffett has spent reams of Berkshire’s cash, and now he’s selling iconic favorites like U.S. Bancorp, Johnson & Johnson, Procter & Gamble, and ConocoPhillips to raise more cash… which he’s using to buy bonds of companies like Harley-Davidson and Tiffany’s.
That might look un-Buffett to you. And Doug Kass may have been right so far. But I don’t buy…
26Feb2009 | Stansberry and Associates | 0 comments | ContinuedWhy Buffett, Grantham, and China Are All Buying
Looking back, the signs of a market tops and bottoms are so obvious. Hindsight is 20/20 and all that. When you’re in the middle of it all though, it’s not nearly as easy to see.
During the peak over the past couple of years a lot of records were made.
For instance, CEOs booking eight and nine figure paydays. The average bonus at Goldman Sachs passing $600,000. Thousands of part-time real estate flippers getting rich a bit too easily.
There were lots of them.
But a lot of that money was spent – err – squandered. It wasn’t saved. The smart money was saving.…
19Feb2009 | Q1 Publishing | 0 comments | ContinuedNo bones about it: orthopedic stock could outperform
Implants play might see a 50% retracement…
Retail sales are down. Autos and the housing industry are still in the dumps. The financial sector may be under repair – or not. No one knows at this point.
So where is an investor to look for profits in 2009?
Many have apparently given up on the stock market altogether, with record amounts having been pulled out of stocks and mutual funds in recent months.
Historically, bailing out after the market has had a 50% decline has not been a good approach.
Meanwhile, most investors, being buy and hold investors, held through some terrible and stressful losses in…
Investing Like Warren Buffett: Take Your Cue From the World’s Best Investor
Not long ago I excerpted a recent New York Times column by Warren Buffett explaining his take on the recent market sell-off.
Despite the dour economic outlook, Buffett expects U.S. companies to report record profits within five years. He is getting fully invested in stocks in his own personal account.
Since Warren Buffett’s column originally ran on October 14th, however, the S&P 500 has dropped 13%.
Hardly a day goes by that I don’t get emails telling me that Buffett “blew it.” He was “too early.” Or he “failed to call the bottom.”
I beg to differ …
Warren Buffett’s Economic Outlook
For the record, here is part…
9Dec2008 | Investment U | 0 comments | Continued
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