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 [...]
Before Getting Started…
Aside from getting personal loans, investing is one of the best ways to find extra income during a recession. Sort of. Of course, if you do not know what you are doing, then you will lose more money in the long run, and it won’t help you to [...]
Warren Buffet’s adviser leaves Goldman Sachs
The man responsible for advising one of the richest men in the United States is leaving his job to start his own merchant-banking fund. Byron Trott is financial adviser to Warren Buffett. He has worked at Goldman Sachs for 27 years.
More about Trott
Trott lives in [...]
Big fortunes take big hits
I had to laugh when I read the opening line of Forbes’ report on this year’s billionaires: “It’s been a tough year for the richest people in the world.”
I have my doubts about whether those people know the true meaning of “tough year.” However, it’s true that [...]
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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 [...]