Wednesday, October 05, 2011

Warren Buffett and US economy

Warren Buffet said that all the businesses under the Berkshire Hathaway group are booming, except for those connected with the housing market. This means that the US economy is expected to rebound and do well. It is worth watching. Read this report.
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6 comments:

Sureesh said...

But according to the economic cycle research institute, the USA will go into recession soon. It seems they are always right

October 05, 2011 2:00 PM
yujuan said...

A lot of difference between the 2 investors, Buffet and Soros. Soros is purely an investor, while Buffet
is more a businessman. Check Berkshire's portfolio, all these stocks and businesses are safe cash flow entities, that would give him continuous dividends, that would beef up his cash chest for him to invest further. Take Wells Fargo and USB, the safest US Banks, the historical stock price hardly change much, except during catastrophic events like the Lehman's bankruptcy, so capital appreciation appeal is limited.
Yes, what he says could let us gauge the US economy, it's not as bad as people and the media make it out to be,but Timing the entry into US stocks is crucial.
When to go in, check on Insider Transactions of Company Directors at

http/eresearch.fidelity.com/eresearch/evaluate/fundamentals/ownership.jhtml?stockspage=
insidertransactions&symbols=

Add to bookmarks for for easy retrieval of site. If Company insiders buy in volumes, that's the signal to go in, if they are still selling, then hold.
Right now the Canadian Oil Trusts are beckoning these trusts pay about 10% dividends, but oil experts are predicting oil price would decline to US$60 from today's level US$80, so good to watch this Trusts, as the fields are confined to Canada, so no country risks here, unlike BP and Euxxon. But Euxxon Directors are still selling their holdings in Euxxon, which means the Oil Trusts stock price would continue falling.
Bear in mind, US businesses and US Govt are two different creatures, right now we are keeping the US Equity market uppermost in our mind, unlike Europe with its messy Euro and the precarious European banks that are being dragged into the shit.
Lesson here: Dun follow Buffet or Soros blindly, you've got to do some homework yourself to stay in the game.

October 05, 2011 2:01 PM
Jamesneo said...

Sorry Mr Tan, Warren Buffet is just trying to bluff and prevent his companies stock prices to plummet. The situation in Europe has great consequences. Here is a blog post by a former secretary of labour under bill clinton :http://robertreich.org/post/11033625495

October 05, 2011 2:20 PM
Anonymous said...

Ignore at your own risk:

http://www.youtube.com/watch?v=mLmLXjut55U&feature=player_embedded

October 05, 2011 8:12 PM
Tan Kin Lian said...

Hi Jamesneo
I believe Warren Buffett is a man of integrity. He will not tell lies for the sake of boosting his company's share price. He may be mistaken - but he is not a liar. I tend to trust his judgement.

October 05, 2011 9:42 PM
Anonymous said...

Do you trust Bill Gates?

http://globalresearch.ca/index.php?context=va&aid=23503

October 06, 2011 11:26 AM

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