Buffett’s view on gold

Posted on February 25, 2012 by Gary

I posted this last April, as I heard lot’s of people taking about a bubble in gold, and how gold “doesn’t provide a dividend” and how gold “doesn’t make a profit”.   After reading Warren Buffett’s annual letter to Berkshire Hathaway shareholders today, I felt compelled to update the numbers, as Buffett dissed gold pretty bad. […]

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GM stock

Posted on July 11, 2009 by Gary

Update: 7/21/09 – Last week the “old” GM stock was officially delisted.  The ticker symbol was changed to MTLQQ to reflect the fact that it’s now the stock of Motors Liquidation Company.  And it appears that investors are starting to understand that the stock is worthless – it’s dropped back down to about 50 cents […]

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Why are stocks rising?

Posted on June 2, 2009 by Gary

The S&P 500, DJIA, and NASDAQ are all up about 40% from their lows on March 9th.  Why?  Has the economy (and earnings) rebounded that sharply?  Or were the March lows an aberration?  It’s been a while since I talked about the stock market or the larger economic picture, so it’s time to revisit those […]

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The Year of the W

Posted on May 6, 2009 by Gary

I was browsing through MarketWatch.com tonight and saw this story from Todd Harrison.  If you’re unfamiliar with Todd, he’s the founder of Minyanville.com, and he caused an uproar in the trading community last year when he announced that he had moved 100% of his long term money into cash.  The Dow was at 11, 346 […]

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Buy and hope?

Posted on February 27, 2009 by Gary

Wanted to pass along this story from Yahoo Tech Ticker.  It’s titled Don’t ‘Buy and Hope:’ How to Survive Until the Next Bull Market. With the market heading lower again and the Dow hitting yet another new 11-year low intraday Friday, it’s hard to believe stocks will ever be a good investment. But “there’s a […]

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More bottom fishing on stocks

Posted on February 26, 2009 by Gary

You’d think that the “experts” would eventually learn, but when I scan the news lately, almost everyone and their brother is calling this the bottom of the bear market.  If they’re not outright calling a bottom, they’re saying “near the bottom” or something similar. Just today I ran across these stories saying that we’re at […]

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What do great investors say?

Posted on February 23, 2009 by Gary

I listen to the Dave Ramsey show everyday – well, as much of it as I can while driving home from work.  Dave is a smart, common sense guy, and he says a ton of stuff that I agree with wholeheartedly.  You will not go wrong if you follow his advice, and I strongly urge […]

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Bye-bye to buy and hold

Posted on February 23, 2009 by Gary

As if the past few years haven’t been proof enough, the recent plunge in stock prices may finally shut up the chorus of buy and hold investing proponents.  I’ve been saying it for a long time, but maybe hitting people in the pocketbook is the only way to make them understand. Buy and hold is […]

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Listen to experts – and go broke

Posted on February 21, 2009 by Gary

While reading through the news today, I saw several articles and stories talking about how now is a good time to buy stocks.  I’ve been reading this same type of story since mid 2007, and there’s one thing they all have in common – they’re all wrong. They’re wrong because the “experts” the writers quote […]

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Are stocks cheap?

Posted on February 17, 2009 by Gary

CNN seems to think stocks are cheap right now.  Really.  A story this morning is headlined New lessons from the crash and the lead in says  Finally, stocks are cheap. Really. So it may be time to break the rules – just a little – to take advantage of this opportunity. The story goes on […]

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