Jay Walker submits: Portfolio insurance, e.g., hedging, costs money. Warren Buffett has said in the past that he'd prefer a company that can grow its earnings at an average, but lumpy, 12% per annum, compared to one that can grow its earning a smooth 10%.Complete Story »
Did Warren Buffett and Jay-Z cook this up on our dime? We want a finder?s fee. Forbes got Warren and Hova together last year in an Omaha diner for the cover of the 2010 Forbes 400 issue. Now the two are in an animated show together. Not that many people noticed when Warren Buffett lent ...
Warren Buffett's annual must-read shareholder letter is supposed to come out today, according to reports. But the great thing about Buffett is that all of his writing stands the test of time. Last year in his letter he made a great call on gold, explaining famously that fr $9.6 trillion, you could buy all the gold in the world, and it would fit into a nice cube inside of a baseball field diamond.
Warren Buffett consistently advocates for higher taxes. Recently, he called for higher taxes on people making $250k+/year.
Is Warrent Buffett a swell guy? Is it enlightened self-interest?
This post had an interesting quote.
Michael Johnston submits:As worries about a potential debt crisis in Europe boiled over on Tuesday, equity markets around the world plummeted in unison. Finding non-leveraged or non-inverse ETFs that didn’t finish yesterday’s session in the red was a challenge; only 14 components of the ETFdb 60 Index finished the day up.
So, Warren Buffett’s letter is out and so is the usual fawning praise from his worshippers. You’re supposed to drop everything and pore over the old man’s words. I’ve read in at least three different places how great an education you get by reading his letters. It’s become a cliché.
You may get that education, but you also get a lesson in how to be a world-class hypocrite.
Here he is in his letter, with a deaf ear for irony.:
Michael Johnston submits:Leveraged and inverse ETFs have a surge in popularity in recent years, as risk hungry investors embraced these vehicles as a means of achieving a number of different investment goals. But Rydex, one of the earliest ETF issuers to offer these products, has largely missed out on this boom.
Michael Johnston submits:ProShares launched three new inverse ETFs on Thursday, bringing the number of single inverse equity and bond ETFs to 14. The new funds are the first to offer single inverse exposure to Chinese equities, real estate, and the basic materials sector.