May 2009
May 19, 2009 –
Just a few random thoughts this morning about the stock market's possible headwinds. Here are three reasons why stocks might struggle. [more]
May 17, 2009 –
Should we mock or pity Edmund Andrews? Or commend him for publicly donning a hairshirt and putting a few more faces on the current crisis? [more]
May 13, 2009 –
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RELATED TICKERS: BRK-B
, BRK-A
, PLA
Last year, the book value of Berkshire Hathaway dropped 9.6%, its worst showing ever, and only the second decline in its history. The company also lost its AAA rating. As a consequence, the board of directors made Warren Buffett do some time as a salesman at Nebraska Furniture Mart (a Berkshire subsidiary). He actually spent part of the time napping, but did sell at least one mattress. A new kind of mattress. The Nervous Nellie mattress. [more]
May 13, 2009 –
One of the phrases that has entered the investing lexicon over the past few years -- joining the likes of "zombie banks," "credit default swaps," "shadow banking system," and "where's my f&*%ing bailout money?" -- is "buy and hope." It's a derisive term, suggesting that there's little rational basis for buy-and-hold investing. It was even the first comment in my post yesterday about GM. It's understandable, given that the S&P 500 is lower today than it was 10 years ago. [more]
May 12, 2009 –
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RELATED TICKERS: GM
, XRX
, EKDKQ
You've probably seen the headlines: GM Shares tumble to lowest level since depression [more]
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