Making money education fun
What have we learned about the way people handle money lately? Loose and lazy seems to be the general rule in America, in that people don’t tend to plan as much for the future as they should and operate on instant gratification. Lack of impulse control is [...]
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When Warren Buffett talks, everybody listens.
Bloomberg’s Erik Holm reports that billionaire Buffet of Berkshire Hathaway has proclaimed that America’s economy has “fallen off a cliff,” and that President Obama’s recent efforts at recovery may lead to monetary inflation higher than in the 1970s. Some inflation is acceptable and [...]
Be careful, this is no ordinary recession
This one is global. It’s everywhere and it’s hurting everyone. Whole countries are bleeding and the consumers in those countries are hemorrhaging.
Job losses are mounting
House prices are falling
Stock markets are falling
Pension funds are falling
Savings rates are falling
It’s like watching a dead duck spiraling downward.
In [...]
Even Warren Buffett had a bad 2008
It wasn’t only you. Master investor Warren Buffett had a bad 2008 too. However, he has the wherewithal to remain a buyer of shares, and says the economic disarray gives him a tailwind.
Warren’s annual letter
In his eagerly awaited annual letter to investors, Warren Buffett [...]