Warren Buffett is well known for refusing to provide earnings guidance for Berkshire Hathaway, and rightly so in my opinion. If fewer companies spent the time and energy required to provide guidance to analysts, managers could focus more attention on ...
In a conference call this afternoon, Bruce Berkowitz answered a number of shareholder questions regarding The Fairholme Fund, the state of the overall stock market, and prospects for health care reform. Mr. Berkowitz's record at The Fairholme Fund since its ...
While the EMT is often ridiculed as being obviously false, academics have attempted to adjust the theory over the years and it is now very rare to encounter anyone who believes in the strong-form version of the theory. Most academics ...
In this Fox Business News interview, Prof. Robert Shiller comments on the current state of the housing market, the impact of the upcoming expiration of the $8,000 home purchase credit, and prospects for a price recovery over the next several ...
As one of only a select few ratings agencies granted the status of a "Nationally Recognized Statistical Ratings Agency" by the Securities and Exchange Commission, Moody's has long enjoyed a significant economic moat. Obviously, by granting selected agencies official "recognition", ...
Morningstar recently interviewed T2 Partners Founder Whitney Tilson regarding his views on Berkshire Hathaway's intrinsic value. Mr. Tilson has increased his estimate of Berkshire's intrinsic value from $110,000 to the mid $130,000 range due to a recovery in the market ...
As the Economist videographic shown below illustrates, the worldwide market for luxury goods has grown significantly over the past fifteen years. The very rich have always consumed luxury goods and continued to do so even in the depths of the ...
In a recent CNBC interview, Warren Buffett was asked to identify one economic indicator that he would consider most relevant for evaluating overall economic conditions if he was stranded on a desert island for a month and had no other ...
In the second part of the CNBC interview shown below, Warren Buffett comments on Kraft's recent bid for Cadbury. While he expressed confidence in Kraft's management, he was very clear in stating that Kraft already made a "full price" offer ...
In the CNBC interview shown below, Becky Quick asks Warren Buffett about the flurry of calls he received during the "extraordinary weekend" one year ago. Apparently Mr. Buffett was the go-to guy that weekend for the cast of characters facing ...
A very brief video clip of Federal Reserve Chairman Ben Bernanke announcing that the recession is over has been seen on nearly every nightly newscast this evening. What is more relevant are the comments Mr. Bernanke made prior to stating ...
Warren Buffett appeared at the "Fortune Most Powerful Women Conference" today and made a number of comments regarding overall economic conditions, regulatory failure and reform, solutions for the "too big to fail" problem, and the economics of women's underwear. Please ...
President Obama's chief economic adviser has indicated that he expects unemployment to stay at elevated levels for "a few years". In a candid interview with Nightly Business Report, National Economic Council Director Larry Summers did not express much hope for ...
Microsoft and Yahoo! entered into a landmark search deal in late July and many observers credited Steve Ballmer with a major strategic victory, particularly given the richer terms of his prior offers to acquire Yahoo! in early 2008. While the ...
Berkshire Hathaway Chairman Warren Buffett and Vanguard Group founder John Bogle have joined with 26 other prominent individuals to call for action to reduce "short-termism" in business and investment management. In an Aspen Institute statement released today and summarized in ...
Much of the response to the global economic crisis of the past two years has been based on the economic theories of John Maynard Keynes. No other economist of the past century has had such a profound influence on modern ...
BYD Chairman Wang Chuanfu is actively seeking commitments from the Chinese government to subsidize purchases of all-electric automobiles such as the e6 sedan as well as plug-in hybrids such as the F3DM model. While BYD has made some progress selling ...
For anyone interested in the emerging market for electric vehicles, The Economist has published a leader and in depth article on the subject. These are "must read" articles and I highly recommend taking the time to review them in detail ...
The Securities and Exchange Commission has now admitted what has been obvious to anyone who has been paying attention over the past several months: Inspectors utterly failed to detect Bernard Madoff's massive Ponzi scheme despite numerous warnings over a sixteen ...
According to a Bloomberg article posted today, Moody's has come to the conclusion that credit default swaps tied to Berkshire Hathaway debt significantly overstate underlying risks. Moody's, which downgraded Berkshire Hathaway's credit rating in April, makes some observations that seem ...