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  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    Warren Buffett, by never paying dividends and masterfully investing retained earnings, has made a lot of investors very rich over the last 40 years. This is a unique situation but it shows that paying dividends is not always the optimal strategy. WEB's writings on dividends in his annual reports is a must read.
    Aug 12 12:15 PM | Likes Like |Link to Comment
  • Silly Rabbit, Dividends Do Matter In Retirement [View article]
    Paying taxes on dividends during the accumulation phase is a huge drag on compound returns. By deferring income taxes Berkshire Hathaway has created numerous great fortunes over the last 30 years. Admittedly few corporations invest their retained earnings as well as Buffett does.
    Jul 21 05:25 PM | 4 Likes Like |Link to Comment
  • Paulson, Bloomberg, Steyer: Global warming is risky business [View news story]
    While virtually everyone agrees that human activity is affecting climate, no one knows what the long term consequences (good and bad, by the way) are going to be. And of course, no one has any idea how to meaningfully reduce carbon emissions. Some solar cells here, a carbon tax or two there will make absolutely no difference. Don't fight the inevitable, learn to live with it.
    Jun 24 12:09 PM | 4 Likes Like |Link to Comment
  • The Safest Way To Play Rising Interest Rates [View article]
    These ETFs must pay the coupons for the bonds they have sold short. Most of the decay is coupon expense.
    May 13 03:34 PM | Likes Like |Link to Comment
  • Southern Europe faces a "10-15 year managed depression," is the quote making headlines from a Ray Dalio interview on CNBC this morning. The best moment, however, came when Dalio - bullish on gold - is told by Andrew Sorkin that Warren Buffett won't touch the metal. "Tell somebody who cares," seems to be the look Dalio gives Sorkin in response. [View news story]
    Actually Gold is quite volatile when priced against other goods and services. Was gold extremely undervalued 10 years ago or is it extremely overvalued now?
    Sep 21 12:00 PM | Likes Like |Link to Comment
  • Gold falls 1.3% to $1,588, the entirety of the decline coming in the minutes following the jobs report. In a little more than a day since a gold bull's dream - 3 major central banks loosening monetary policy and weak U.S. data giving at least a bit more impetus towards further Fed ease - the metal is off 2.1%. Silver is down 4.6% during the same time frame.  [View news story]
    Platinum has never been used as a medium of exchange or as a monetary reserve. It's just an industrial metal. And the platinum in catalytic converters can be recycled.
    Jul 7 01:11 AM | 2 Likes Like |Link to Comment
  • Super Speculate Me--Not: No Shine In Gold's Future [View article]
    For many investors a 5%-10% commitment to physical gold is not an investment but rather insurance against a collapse of the paper based monetary system. Ditto central banks around the world that are hoarding gold. While short term deflation is possible, Helicopter Ben is committed to doing whatever it takes to keep the dollar inflating. The dollar may become worthless in the long run, so a little gold will be helpful in the aftermath.
    Jun 4 01:57 PM | 3 Likes Like |Link to Comment
  • Why I'm Buying Pandora While Others Are Afraid (And Clueless) [View article]
    If I ever hear an advertising message on Pandora, I will stop listening to it. Do I not hear ads because I pay the $40 per year subscription? That seems like a screaming good deal.
    Mar 10 04:25 PM | Likes Like |Link to Comment
  • Sirius XM's Future Growth Potential Is Being Grossly Underestimated [View article]
    Let's see. Crappy content. Crappy sound quality. Obnoxious customer service. Competition from IP based radio looming. No, I don't think I will be buying SIRI any time soon.
    Jul 20 12:12 PM | 1 Like Like |Link to Comment
  • Why Kass Is Wrong About Berkshire Hathaway [View article]
    Kass claims AXP has only doubled once since Berkshire bought it in 1964. This author gives 600%. Did Kass neglect to adjust for splits. If so, he must be seriously retarded.
    Jan 28 10:29 PM | Likes Like |Link to Comment