dukeow

Judge's Refusal of BofA / Merrill Bonuses Could Unleash Reality on Financials

Look at it this way. 39 thousand is about 2 army divisions, which have a General in charge. His pay is perhaps $200K a year max. And a few perks.

A company that runs tens of thousands on payroll that demands these super bonus payments might be better served if a lot of these would be "working" elsewhere. And distribute a bit of savings to shareholders.

Making More, Spending Less: U.S. Economy in a Nutshell?

Amazing! Our mode is and has been for almost fifty years of marriage to know that money to pay the bill is available before using charge cards. Our only significant loan was for a home that we still live in. Paid off way before the 30 year life of the loan was up.

Shame that all the wheeler dealers didn't proctice this defensive posture!


We live on significantly less than our pensions. And our investments were hit by recent events, but far less than most.

More on the Misalignment of the U.S. Treasury and Taxpayer Interests

No blame for the preceeding years of the former president's money managers, debt controllers and federal reserve bosses?

On Buffett’s Q1 2009 Earnings Preview

The author states he has BRK shares. So do I from the previous century. Only wish I got them sooner.

BTW Mr. Buffett went to high school a mile and half north of mine. His class was two years ahead of mine. So near yet as a rivals there was near zero contact between the two except in sports.

On Pensions and Tax-Exempt Bond Insurance

As a well funded retired couple, we have among others BRK shares. Considering the troubles of the biggest insurance company, WEB's collection is far above almost all other companies. And none of the huge pay bonus either!

And that includes the Federal government. My pension is exclusively from almost forty years in this system. We have enough saved over the last five decades to survive if this one fails.

And our house was paid for over twenty years ago.

Plastic debt is aways zero after the monthly payment covers our bills. We won't spend anything on plastic unless we know where the money is to pay at end of billing period.

Percentage of Stocks Above 50-Day Moving Average

What is Warren Buffett doing? His annual meeting is close at hand.

One Reason for the Berkshire Arbitrage

I'm almost halfway through the bio. of Mr. Buffett. His high school is about 2 miles from the one I went to. He was two years ahead of me. No, it wasn't in Omaha!. His father was congressman for several terms, and in those days one found housing in D.C. for the term. So the whole family moved east while congress was meeting.

A result of these conversions will concentrate voting even more heavily on Buffet's remaining shares. With this flood and reduced price I'l have to think about more shares.