Warren Buffett and the Business of Life: Part 2 of 7
Buffett would always love reading newspapers, but his investing was tightly focused on simple businesses that were as close to immortal as possible. Newspapers no longer qualified.
Buffett would always love reading newspapers, but his investing was tightly focused on simple businesses that were as close to immortal as possible. Newspapers no longer qualified.
Warren Buffett is investing $32 billion in Burlington Northern Santa Fe, the nation's 2nd largest railroad. At first blush, this is radically counter-intuitive. A railroad? Isn't that hopelessly brick-and-mortar?
Buffett is convinced that economic activity will pick up. In fact, he is confident enough that he is willing to use debt and issue Berkshire shares in order to close the railroad deal.
We may be entering an era of Karmic Capitalism when business realizes what goes around, comes around. Let's hope that the captains of industry apply noblesse oblige to the business world.
Warren Buffett is never more himself than when he is given the chance to invest in something he wants at a price of his choosing.
Regarded as the more conspicuous economic turkeys, those who have openly signaled the death of the recession, are President Obama, Ben Bernanke and Warren Buffett. Likewise, an editorial turkey is Newsweek.
Want to profit from the Galleon insider trading case? Then take the hint: It's a waste of time trying to beat the pros at the stock picking game. They outgun you, and they don't always play fair.
This will be a different kind of inflationary cycle. The dollar will decline, but Real estate prices will not be going up because few property owners can raise rents right now.
Why not give? Easy. Fear, and fear is the ultimate prosperity killer -- you will never go wrong, doing right. And do right long enough and it will pay dividends that builds wealth, too.
It appears that Barney Frank has been lobbied so hard that he is willing to exempt nearly all derivatives from regulation if they are "used for risk management purposes." Come on, Barney!
A new profile of Charlie Rose is representative of a trend that seems to be growing: the sort of meta-, multi-platform story that has so many odd conflicts and strange connections that it makes you dizzy.
Compassion, forgiveness and interdependence were major themes at the dialogue. The reality that despite outward differences humanity is largely the same was brought home by Nobel Peace Prize Winner Archbishop Desmond Tutu
Sometimes you can't declare victory until the other side concedes defeat. That's what happened Monday in the decade-long struggle over the future of the estate tax, our nation's only levy on inherited wealth.
I've watched many people get in trouble with upside down car loans, second mortgages or high interest rate financing. Credit keeps many people from living within their means. Then a friend told me he was buying a large house.
It's difficult to argue with the basic premise of Nader's book -- that it's hopeless to hope for real change as long as government officials are on the take.
We live in a world of nightmares. But understanding these worries -- the myriad ways the world could end -- and hedging against them is the way to turn the fear into greed, the nightmare into a dream.
We are not in the midst of a recession. It is a global reset - and America will lead the world out of it, just like we led the world into it.
When you are working with an unstable system, like the stock market or a gun battle or both having too much on your mind will slow you down.
From the bottom up, the green revolution is already starting. In many states there are policies to help communities use clean energy. And this is where you can make a difference: through your local government.
For the most part the Fortune 500 Women's Conference was a well-dressed, well-heeled crowd. Well, except for the girls from Google, in their Boyfriend Jeans and oversized shirts.
It's no secret that some people earn more than others, but the gap is huge, and getting bigger every year. There have been some cool innovations designed to try to address this imbalance, but none have caught on in a big way. And now a couple of clever guys from Silicon Valley may just have reinvented the compensation wheel.