Tuesday, September 27, 2011
Berkshire Hathaway stock says Buy Me
Buffett makes his thinking very clear in the everything he writes. It's extremely straight forward and rational. He's buying back shares because it's the best allocation of excess captial that he can find, given the limited opportunities available when dealing in billions. He's saying Berkshire stock is cheap, and he's probably the best or 2nd best person to make that judgment call (Charlie Munger is the other one).
I hope that I'm making the right call by holding out and keeping a high percentage of cash. I consider Berkshire to be a very easy 50% gain at this point. It feels crazy not to buy it.
I've found that things very often feel wrong when they're the right decision.
Monday, September 05, 2011
Senior IMF Economist Expects Hard Default For Greece. Soon.
This is what I've been expecting for some time. The first domino.
I expect a hard default definitely before March, maybe this year, and it could come with this program review,” said a senior IMF economist who is keeping close tabs on the situation. “The chances for a second program are slim.