Cash as an asset class…

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 […]

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Bought REIT’s and Bonds today….

  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 […]

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Is Wall Street a Casino? part II

“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 […]

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Is Wall Street a Casino?

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 […]

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Equity Allocations & Risk

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 […]

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