Content about Warren Buffett

09.16.09

Change isn’t always good, in fact at least half of the time it’s bad. The changes we have been seeing since early in 2008 have been very bad for the USA and for all over the world. The economy has tanked in much of the world, largely due to greed on the part of financial institutions who were encouraged to make loans to unqualified borrowers, who offered credit cards with limits higher than common sense and charged usurious rates of interest on the unpaid balances. They also made “negative equity” car loans in which dealers took trade-ins on which there was more owed than their worth, then rolled the “negative” equity into the new car pricing and the bank bought the paper. Most car buyers started out in the hole and it only got worse from there.

09.16.09

Change isn’t always good, in fact at least half of the time it’s bad. The changes we have been seeing since early in 2008 have been very bad for the USA and for all over the world. The economy has tanked in much of the world, largely due to greed on the part of financial institutions who were encouraged to make loans to unqualified borrowers, who offered credit cards with limits higher than common sense and charged usurious rates of interest on the unpaid balances. They also made “negative equity” car loans in which dealers took trade-ins on which there was more owed than their worth, then rolled the “negative” equity into the new car pricing and the bank bought the paper. Most car buyers started out in the hole and it only got worse from there.

08.24.09

The mountainous U. S. debt incurred by the governmental attempt to pull the country out of the current recession could turn the country into a banana republic, says Warren Buffett. His contention is that like unchecked carbon emissions melting the icebergs, unchecked greenbacks will melt the purchasing power of our currency. The “Wizard of Omaha” has been right more than he’s been wrong, so you can bet that he has some insight into the future if the Congress and the Fed continue dilute the value of the dollar by printing more money to cover budgetary shortfalls.

08.24.09

The mountainous U. S. debt incurred by the governmental attempt to pull the country out of the current recession could turn the country into a banana republic, says Warren Buffett. His contention is that like unchecked carbon emissions melting the icebergs, unchecked greenbacks will melt the purchasing power of our currency. The “Wizard of Omaha” has been right more than he’s been wrong, so you can bet that he has some insight into the future if the Congress and the Fed continue dilute the value of the dollar by printing more money to cover budgetary shortfalls.

08.06.09

“It’s going to get worse before it gets better,” is an often heard phrase in tough times for business. The current economic crisis certainly qualifies as tough times and economic prognosticators are frequently heard uttering that opening phrase. Tough times call for tough, smart business measures. One of the richest, most successful investors in the USA, Warren Buffett, says, “When everyone else is selling is a good time to buy.” What he is saying is that when the market is flooded, prices drop, making it a very good time to buy. By the same token, when most businesses are in a fright, cutting costs and pulling in their horns, a smart operator will go after a bigger share of the market with a strong sales plan.

08.06.09

“It’s going to get worse before it gets better,” is an often heard phrase in tough times for business. The current economic crisis certainly qualifies as tough times and economic prognosticators are frequently heard uttering that opening phrase. Tough times call for tough, smart business measures. One of the richest, most successful investors in the USA, Warren Buffett, says, “When everyone else is selling is a good time to buy.” What he is saying is that when the market is flooded, prices drop, making it a very good time to buy. By the same token, when most businesses are in a fright, cutting costs and pulling in their horns, a smart operator will go after a bigger share of the market with a strong sales plan.