Posts Tagged ‘Warren Buffet’

Headlines misleading the public on Buffet’s view of the US economy

Thursday, June 25th, 2009

You’ve probably seen the headlines about how Buffet says the economy is in shambles. If you haven’t already, take a look at the full interview because it doesn’t sound to me that he thinks we’re a hopeless case. He’s basically saying we will recover but there’s a risk of inflation and it may take some time to recover.

Interestingly, until we recover, until consumers start getting more spending power, I don’t see how inflation could be a problem…

Warren Buffet speaks some more

Tuesday, May 5th, 2009

Some more interesting stuff on Warren Buffet. He talks about insurance, real estate, Moody’s and more.

Where will Berkshire go next?

Monday, May 4th, 2009

Interesting article here on Buffet, his travel agent, and how he is more likely to buy US companies than foreign ones right now.

Berkshire’s Class A stock lost 32% in 2008, but the company reported a profit of almost $5 billion. Also with so much of it’s business (2/3) in insurance and utilities it’s not a bad call for uncertain times – if you still trust Buffet after he invested in ConocoPhillips when gas prices were at an all-time high. That cost Berkshire a billion or two.