October 2008
You are browsing the archive for October 2008.
What Warren Buffet is Doing: in his own words
“Buy Amercian. I am.” declared Warren Buffet in an opinion piece in the New York Times on October 17th, 2008. This article is written by Warren Buffet and I highly recommend you read it here. In his own personal account he says that he has been buying American stocks. He also says that people who [...]
Over 10 years they’ve never lost
With the sharemarket hangover fairy still bashing around inside our heads it can be tempting to proclaim “never again will I drink from that font of wealth creation.” But where’s the fun in that? It’s time to continuously remind ourselves to take a strategic view and keep a long term perspective that matches the period [...]
How to survive the recession
On the ABC’s 7:30 Report on Wednesday night, Economist Associate Professor Steven Keen gave the following prediction for Australia this year: “Best case scenario is a recession more severe than 1990 and lasting one and a half times as long. Worst case is something up to the level of the Great Depression which was 20 [...]
Investors or pussys?
“Investors wiped another 5 per cent off the Australian share market…” So was the opening sentence of the front page article of The West Australian newspaper yesterday (9th October 2008). It should have read: “Anxious, emotionally fragile, short sighted sellers wiped…” Movement in the share market index is based on actual trades completed. For every [...]
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