Owen

49 Stocks For Buffett Fans

Thank you, Richard. My comments were not intended as criticism of your article, but of the Business Week article and similar ones. Like you, I also follow the S&P reports, and was surprised to see in their September 3rd edition of The Outlook newsletter an article called 'Acing the Buffett Test'. In recent years, the term 'Buffett' has become a synonym for value investing, despite the fact that the legendary investor has deviated quite a bit from the teachings of Ben Graham and David Dodd.

49 Stocks For Buffett Fans

I'm always amused by these lists of "Buffett-worthy" stocks. Anyone who thinks Infosys Technologies, Taiwan Semiconductor, or MEMC Electronic Materials would pass Buffett's criteria doesn't know the first thing about him. Neither Buffett, nor anyone else, can with any degree of confidence forecast what product these companies will be selling 10 or 20 years from now, let alone margin levels or market size. Buffett only buys companies which have been in the same business, selling the same products for 30 years or more, and are likely to continue doing so for another 50 years.

Olympics Ending Should Boost Commodity Driven Stocks

Is the end of the Olympics a surprise? Wasn't it scheduled years in advance? And if so, wouldn't it already be discounted by the market? Are industrial purchasing managers and commodity traders obliged to sit on their hands until after the closing ceremony?

Tying commodity prices to sports events makes as much sense as tying them to moon phases.