When Warren Buffett Speaks, It's Still Worth Listening [View article]
"Warren Buffett is the closest thing to a living legend in many investment circles." Unlikely that the " living legend" status remains intact much longer. So sorry.
Buffett's S&P 500 Puts: Big Blunder? [View article]
That Warren Buffett is a brilliant investor/business mind is beyond dispute. His track record of 40+ years speaks for itself. He remains very highly regarded, which reflects well on his integrity. Despite that, the reality for Warren is that markets have tanked in a big way since he wrote his derivative contracts. There has been a meltdown in the US banking system, and world economies are in chaos. More trouble likely ahead. In an historical context, a 15-20 year down market in US equities would hardly be a first. Those who look to Buffett's derivative bets as assurance of a bright 15-20 year outlook for the US market may do well to look again. Maintaining a positive outlook over that time frame means that by definition at the same time you are relying on the same incompetent, corrupt government and corporate officials who were largely responsible for creating this cesspool to begin with.
2 Concerns with Michael Lewis's Review of Buffett Book 'The Snowball' [View article]
Whitney Tilson Still Sees Numerous Stock Buying Opportunities [View article]
When Warren Buffett Speaks, It's Still Worth Listening [View article]
Berkshire Testing November Lows - Already Down 17% YTD [View article]
Buffett's S&P 500 Puts: Big Blunder? [View article]