Wishes He Could Buy These Stocks: Warren Buffett

Toward the beginning of Buffett's investing career, Individuals who invest dollar amounts in the thousands, however, should be scouring the markets every day for the next Blackboard. It's the only way to even approach those 30% or 40% annual returns. Do you know why Warren Buffett bought Burlington Northern Santa Fe(NYSE: BNI)? It's not because the railroad operator has great growth prospects (it doesn't), or because Buffett got a sweetheart deal (he didn't). It's simple: Buffett bought Burlington Northern because the company is really, really big. read more.

Read more...

Debate Pros and Cons of Regulation of Two Prominent Economists

“The record shows the Federal Reserve was never ahead of a crisis. The SEC [Securities and Exchange Commission] was given pages, 20 pages, explaining what [indicted financier Bernard] Madoff was doing, and they could not figure it out. To give them more power to regulate is a nonstarter,” he said.

Meltzer said the proper course of action is to eliminate taxpayer relief for financial institutions that have come to be called “too big to fail.” “If we don’t get rid of ‘too big to fail,’ we’ll sooner or later have another crisis just as bad as this because ‘too big to fail’ encourages banks to believe that they make the profits and the taxpayers take the losses.” read more...

Read more...