Words of Wisdom from Warren Buffett
Source: http://feeds.feedburner.com/~r/FinancePuzzle/~3/413398868/Posted on Monday, October 6th, 2008 | In Market Commentary
During this economic turmoil and financial crisis, I have been asking myself how is the Oracle of Omaha navigating so smoothly through these tough waters. In the last week or so, Warren Buffett and his company Berkshire Hathaway have decided to invest just shy of $12.7 Billion or 40% of the cash balance in “attractive” investments.
If you haven’t been keeping track of the recent portfolio decisions from Warren Buffett, here is the sumarized list:
Constellation Energy (CEG) $4.7 Billion
Goldman Sachs (GS) $5.0 Billion
General Electric (GE) $3.0 Billion
Living up to one of the famous Buffettism’s…”Be fearful when others are greedy and be greedy when everyone is fearful”
So the main inspiration of this blog post was when I came across a recent Warren Buffett interview conducted by Charlie Rose. This video helps me think about the long term view when investing but to also understand that even Warren still thinks there is a good deal of uncertainty in these times.
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 About Elias Tsepouridis (http://www.financepuzzle.com)
Elias Tsepouridis has 10 years of corporate financial management and valuation experience. He is a freelance writer who has managed his own portfolio for the last 5 years. Elias publishes and tracks all of his investments on his blog FinancePuzzle.com. His detailed analysis focuses on purchasing stock of businesses with long-term value and growth potential at a price that includes a safety of margin. Elias analyzes one stock per week, which is recommended by his subscriber base. |
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