Warren Buffett on Clayton Homes
The Berkshire Hathaway 2003 Letter to investors discusses Buffett’s decision to buy Knoxville-based Clayton Homes. Current price for Berkshire Hathaway Class A stock: $93,000 per share. Four years ago...
View ArticleWarren Buffet Loses Billion Dollar Bet Against U.S. Dollar
From Jim Miller. Warren Buffett’s Berkshire Hathaway reduced a bet against the US dollar after losing more than $US900 million ($1.23 billion) from foreign currency investments this year. Mr Buffett,...
View ArticleWord of the Day: EBITDA
EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization. Pronounced “ee bit dah.” A non-GAAP means of accounting that helps make unprofitable businesses sound profitable, basically. It...
View ArticleWarren Buffet’s annual letter to shareholders
Forbes – Buffett Bloodied But Not Bowed: “The economy will be in shambles throughout 2009–and for that matter, probably well beyond, ” Buffett writes. The debilitating spiral of the credit crisis has...
View ArticleWord of the Day: The Bezzle (Money)
From iTulip: March 30, 2000 we were the first to note that a chunk of the money supply that John Kenneth Galbraith referred to in his 1954 book “The Great Crash 1929″ as the bezzle, derived from the...
View ArticleWarren Buffett on gold, and a response
“It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars...
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