Warren Buffett releases 2008 letter

This is a must read for anyone interested in the economy or investing.  Warren Buffett dispenses common sense in large quantities, and he’s especially good at learning from his mistakes – to which he freely admits.  I haven’t had a chance to read it yet, and I’ll be interested to see what he says about […]

Just what is leverage anyway?

I was responding to some comments to a post I made to www.seekingalpha.com a few minutes ago, when I said something that I think needs to be explained further.  I mentioned “leverage” and since that’s been in the news (especially regarding financial stocks) quite a lot over the past few months, I decided to expound […]

Who is this guy Margin – and why does he keep calling?

Nice article in the NY Times today about some of the problems in the financial world.  I hate to say I told you so (not really, but it’s sounds slightly less smug) but I’ve said all of this before.  Despite Mr. Krugman’s pessimism, he is still underestimating the size of the problem.  For example he says […]