Tag Archives: warren buffett

Warren Buffett on gold, and a response

Posted on April 30, 2009 by Les Jones

“It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be … Continue reading →

Posted in Economics, Quotes | Tagged , , , | 18 Comments

Word of the Day: The Bezzle (Money)

Posted on March 10, 2009 by Les Jones

From iTulip: March 30, 2000 we were the first to note that a chunk of the money supply that John Kenneth Galbraith referred to in his 1954 book “The Great Crash 1929” as the bezzle, derived from the word embezzlement, … Continue reading →

Posted in Word of the Day | Tagged , | 1 Comment

Warren Buffett criticizes Obama’s performance

Posted on March 9, 2009 by Les Jones

Business and Media Institute – CNBC’s Kernen: ‘You Might Not Have Fixed Global Warming’ After D-Day: “If you’re in a war, and we really are in an economic war, there’s a obligation to the majority to behave in ways to … Continue reading →

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Warren Buffet’s annual letter to shareholders

Posted on February 28, 2009 by Les Jones

Forbes – Buffett Bloodied But Not Bowed: “The economy will be in shambles throughout 2009–and for that matter, probably well beyond, ” Buffett writes. The debilitating spiral of the credit crisis has “spurred our government to take massive action. In … Continue reading →

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Word of the Day: EBITDA

Posted on May 7, 2008 by lesjones

EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization. Pronounced “ee bit dah.” A non-GAAP means of accounting that helps make unprofitable businesses sound profitable, basically. It was popular in the dot-com era. More info at Investopedia. And that WOTD … Continue reading →

Posted in Word of the Day | Tagged | 3 Comments

Warren Buffet Loses Billion Dollar Bet Against U.S. Dollar

Posted on November 11, 2005 by lesjones

From Jim Miller. Warren Buffett’s Berkshire Hathaway reduced a bet against the US dollar after losing more than $US900 million ($1.23 billion) from foreign currency investments this year. Mr Buffett, who has said the US trade deficit would weaken the … Continue reading →

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Warren Buffett on Clayton Homes

Posted on March 8, 2004 by lesjones

The Berkshire Hathaway 2003 Letter to investors discusses Buffett’s decision to buy Knoxville-based Clayton Homes. Current price for Berkshire Hathaway Class A stock: $93,000 per share. Four years ago it was a bargain at $45,000 per share. In other Buffett … Continue reading →

Posted in Economics | Tagged | 1 Comment