You are hereMonthly archive / January, 2009
January, 2009
Ticketmaster (TKTM) @ $6
After some initial research, I chose Ticketmaster (TKTM), and ended up buying a minuscule position at $6.45, while I continue to do some due diligence before I decide whether to buy more or not.
What I like is that
(a) it is the market leader in online new ticket sales (see http://www.ticketnews.com/ticket_industry_rankings ),
I bought more Brk.B Berkshire Hathaway @ $2,900
This past week, when Berkshire Hathaway B shares dipped around 2800 to 2900, I added more shares to my existing pool. The isn't rocket science really since my previous purchases hovered around 3100 to 3200 more than 3 years ago. And it has since fluctuated to as high as 4,858.00 and as low as 2147 in the past 52 weeks.
George Soros: The game changer
How could Lehman have been left to go under? The responsibility lies squarely with the financial authorities, notably the Treasury and the Federal Reserve. The claim that they lacked the necessary legal powers is a lame excuse. In an emergency they could and should have done whatever was necessary to prevent the system from collapsing. That is what they have done on other occasions.
Buffett and Gates Reviewing "The Great Slump of 1930" by Keynes
Here is what Bill Gates has to say in the very detailed annual letter of his foundation:
微软创始人盖茨预测：经济风暴影响生活5到10年
据新加坡联合早报报道，微软创始人比尔•盖茨预测，当前的全球经济风暴对生活的冲击需要5到10年的时间才会消失；他一手创办的盖茨基金会的资产价值在风暴中也锐减了20%。
盖茨在盖茨夫妇基金会的第一份常年报告中说，希望两年后他再次发表年报时，经济危机已经过去，“但是，危机产生的影响还会持续下去；相信5到10年后这些问题就会消失。”
Read more:
http://international.dbw.cn/system/2009/01/28/051731433.shtml
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This Video Drove Millions to Tears: How To Get Back Up In Life!
This is perhaps the most moving video I have ever seen. He was born a deformed baby without limbs. Yet through focus and dedication, he got himself back up. And along the way, he acquired amazing skill in motivational speaking, and he gain great insights into what life is. Please watch the following short video.
Be Inspired. See How One Man Without Limbs Become Wise and Successful
Warren Buffett - A Financial Zen Master
In 1989, the year of the Tiananmen Square turmoil in Beijing, I came to America with practically nothing except some philosophical ideas from Confucius, Lao Tzu and Buddha. I later met Warren Buffett in New York and start to read about his teachings. As I read along, I start to realize that Warren Buffett and the oriental philosophers were essentially teaching the same thing.
Why should we buy KFT vs MO?
What the thesis for buying KFT. Is it just because Buffett bought it? I'm attaching a file here for both KFT and MO
Profitability
10 yr Valuation
Cash flow statements
PFIZER and WYETH arbitrage
So, now it is official. They are getting married. PFE is paying 50$ in cash and stock to Wyeth. Now Wyeth is trading at 43.6. Is there a sure bet here for the other 6.4$ in 3 months. 15% in 3 months annualized at 60% return. Now the question is would Wyeth reach 50$ before we sell?
