DownOnMyLuck

Has Buffett Lost His Mind?

You mis-characterize what Buffet said. He said the results over the next 100 years would justify the purchase price, not that the payback period is 100 years.

What's Berkshire Hathaway's Expected Life?

Another possibilty is that the new management could do a 2,000:1 stock split and start paying a dividend. The market value could increase.

Banning Derivatives and Other Such Foolishness

But Mr. Soros's support for the affirmitive action trainee as president has not been validated.


On Nov 17 09:55 AM hock wrote:

> Apply what you said to yourself, and you will see the wisdom of your
> thoughts.
> Many people respect Mr. Buffet and Mr. Soros beyond their job scope,
> for their characters and other valid reasons. For example Mr. Soros
> pre 2nd term political judgment about President Bush has been validated
> by the mess from the economy and wars Americans have inherited.

Misplaced Fiduciary Duty: Why BofA's Lewis Failed

Lewis still claims that acquiring Merrill was the right thing to do and has been beneficial for BOA. Even though the current stock price doesn't reflect that claim, it will take a few years to determine if Lewis is correct.

Behind the Income Tax Numbers: Top 1% Paid 40% of Total

What percentage of government spending goes to the benefit of the top 1%? Probably a lot more than 40%.

Skeptical of Buffett's Call to Buy at Dow 9,000

Buffet isn't advocating "buying the DOW", he says buy shares of good companies at fair prices. Sounds like pretty good advice. Not perfect. But pretty good.

T. Boone Pickens' Epic Wind Fail

It doesn't have to be altruistic to be worthwhile, it just has to be worthwhile. Are you being altruistic pushing solar? Yeah, didn't think so.


On Jul 09 05:57 PM Wisdom vs. Information wrote:

So, those of you praising T for altruistically pushing wind, you really need to get up to speed on the entire plan-- it would have made T another fortune.

Laura Tyson Just Sent You a $5000 Tax Bill

Why do you need, or want, the government to provide your needs, and probably wants? I would rather choose where to spend my $5,000 instead of having a representative choose where to spend it, after taking a huge cut for themselves, of course. I am shocked, shocked, at how many Americans are willing to give up their freedom and money for some false promises made by slick-talking politicians. Sadly, the US is no longer the land of the free and home of the brave.


On Jul 09 01:34 PM Fairness wrote:

> Canada does... ???
> Why can't OUR representatives spend OUR tax money on us, the taxpayers,
> to ensure we get the basics that we really need?
>

Laura Tyson Just Sent You a $5000 Tax Bill

So, if you pay $5,000 more in taxes, you get free health care?


On Jul 09 09:11 AM Fairness wrote:

> If that would also mean free health care for everyone and pensions
> you can retire on, let's do it; otherwise is just plain highway robbery...

Cramer's Mad Money - The Bank That Escaped the Credit Crisis (6/24/09)

Debt holders have a right to certain covenants pertaining to the debts. If Citi didn't want to be under the aegis of the Govt., they should have raised money privately - if they could have. Otherwise, as long as they are welfare queens, they have to play by the govt. rules.

Stopping Oil's Rise Before Oil Stops Ours

On May 14 11:18 AM ricardoRI wrote:

> The rest of the world (except for some oil-rich countries) have not
> seen gas or diesel as low as $5 for a decade. We pay less than $3.
>
Oil trades on world markets and everybody pays the same price. The difference is taxes. Most retail products are quoted pre-tax, gasoline is always quoted after taxes. Some countries subsidizes gasoline prices, other countries regulate prices. When Europeans buy gasoline, they also get health insurance and other public services with it.

Johnson & Johnson: Low Risk, High Value

I own JNJ but I am a little concerned about it's performance if the US goes to nationalized health care, or even more government interference with price controls of something similar. JNJ does, however, perform well in countries with national health care so it may not matter at all.

Ken Lewis: Halfway Out

It will be years before we can determine if Countrywide and Merril Lynch were good or bad acquisitions.

WSJ: Advisers Ditch 'Buy and Hold' Strategies

The rate of change is accelerating. Many companies, and their products and services, have shorter economic lives. Holding those securities beyond their economic usefulness would be, well, uneconomic. Some products and commodities are "timeless", at least in respect to our life span. Buy and Hold is actually Buy and Hold If It Makes Economic Sense.

Mark-to-Market Zealots Kidnapped GAAP

Excellent article.