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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, 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 | ContinuedWarren Buffett Looking For Bargain Prices Despite 2008 Setback
Famed investor Warren Buffett didn’t fare much better than anybody else in 2008. But the Oracle of Omaha remains optimistic, convinced that investors who brave today’s fierce financial tempest will be rewarded in the long run.
“I’ve been buying American stocks,” Buffett said in an editorial in The New York Times. “This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds… If prices keep looking attractive, my non-Berkshire net worth will soon be 100% in United States equities.”
As the world’s richest man, Buffett offers a kind of comfort that few others can. And…
12Feb2009 | Money Morning | 0 comments | Continued
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