filed in investment strategies, warren buffett on Oct.17, 2008
Warren Buffett’s Op-Ed in the New York Times today is a must read. He echoes many of the same thoughts I offered in my quarterly letter to clients last week, but don’t take it from me, the Oracle of Omaha feels the same way. You can read the full piece here: Some highlights: In the [...]
filed in industrials, warren buffett on Oct.01, 2008
Warren Buffett is stepping up to the plate again, buying $3 billion in 10% preferred stock from General Electric (GE), after adding $5 billion of Goldman Sachs (GS) preferred just days ago. Many are focusing on the confidence factor the Buffett moves suggest, which I agree with to a large extent. However, keep in mind [...]
filed in financial services, warren buffett on Sep.24, 2008
If one of your first reactions upon hearing of Warren Buffett’s $5 billion investment in Goldman Sachs (GS) was, “Wow, I didn’t think Goldman was a Buffett-type company,” you are probably not alone. Warren has typically preferred consumer-related businesses with wide moats (high competitive advantage and barriers to entry). He often tells people that he [...]
filed in warren buffett on Jul.14, 2008
UPDATE: 7/14 11:45AM It has been brought to my attention that Berkshire does not own shares of Rohm & Haas. For some reason I incorrectly thought it did. Maybe Buffett used to own some of it, or maybe I just got confused some other way. At any rate, my apologies. Obviously, 2/3 of this post [...]
filed in warren buffett on Mar.01, 2008
Warren Buffett’s annual letter is always a good read and the recently released 2007 version is no different. There are a couple points that Buffett mentions this year that I think are worth pointing out and commenting on regarding the current market environment; corporate creditworthiness and sovereign wealth funds. Buffett is often criticized for speaking [...]
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