Buffett article on zerohedge Whatever moves Warren Buffett (of Berkshire Hathaway) makes, the world notices! The Man (more a Demi-God) moves markets. I finally had a chance to read thru the WSJ, weekend edition and lo-and behold, the first page article details Berkshire’s current cash position, a whopping $100 Billion stashed in T-Bills! He has […]Read More Cash as an asset class…
Today I purchased a couple of asset classes that I found very attractive; REIT’s and Treasury strips (via ticker: ZROZ). Lately bonds have been selling off along with all interest rate sensitive sectors. I couldn’t resist jumping into Real Estate Investment Trusts (or REIT’s as they’re called). These are way down in price so […]Read More Bought REIT’s and Bonds today….
“It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.” – John Maynard Keynes On Friday evening my wife drove to a casino in Oklahoma to attend the Rascal Flatts concert (which was very good by the way!), enjoyed dinner and […]Read More Is Wall Street a Casino? part II
My wife walked up to a machine an hour ago, inserted a $100. bill and by the 3rd spin she hit pay dirt (a whopping $146, ha ha)! She loathes Wall Street, says it’s gambling yet she likes the “penny” slots. Go figure… so is Wall Street anything more than a big casino? More to […]Read More Is Wall Street a Casino?
Financial author William Bernstein offers this very enlightening graph of equity allocation and risk tolerance in his much recommended book, “The Four Pillars of Investing.” I’ve recently written in a previous blog posting found here: “Most financial advisors use an investor’s AGE as a basis for asset allocations (younger investors hold more stocks, older investors […]Read More Equity Allocations & Risk