Info

You are currently browsing the Capital Comments weblog archives for the day 15. November 2009.

November 2009
S M T W T F S
« Oct   Dec »
1234567
891011121314
15161718192021
22232425262728
2930  

Archive for 15. November 2009

Gold $5000 USD?

GOLD $5000+ 11/11/09

World Economic Monitor

worldrecession1.jpg Click here to go to live interactive map.

Moody’s at THE DISMAL SCIENTIST has a great interactive map which montiors the economic condition of economies around the world. There is a wealth of info on this site which not only provides a global perspective but you can drill down to a country or State.

Gems of Wisdom From The Best

You’re right not because others agree with you, but because your facts are right.

“I had two mentors: my dad, Howard Buffett, and Ben Graham. Here were these two guys who I revered and who over the years gave me tons of good advice. But when I think about what they said to me, the truth is, the first thing that comes to mind is bad advice.

“I was not quite 21 when this happened, in 1951, and just getting out of business school at Columbia. I had just taken Ben’s class there–and I was the most interested student you ever saw. I wanted to work for Ben at Graham-Newman Corp., and I had famously gone to him and offered to work for nothing. He said no.

“But I still was determined to go into the securities business, and that’s where Ben and my dad gave me the bad advice. They both thought it was a bad time to start. One thing on their minds was that the Dow Jones industrials had been above 200 all year, and yet there had never been a year when it didn’t sell below 200. So they both said, ‘You’ll do fine, but this is not a good time to start.’

“Now there’s one thing that may have influenced my dad, and maybe Ben too. I was so immature. I was not only young-looking, I was young-acting. I was skinny. My hair looked awful. Maybe their advice was their polite way of saying that before I started selling stocks, I needed to mature a little, or I wasn’t going to be successful. But they didn’t say that to me; they said the other. Anyway, I didn’t pay any attention. I went back to Omaha and started selling securities at my dad’s firm, Buffett Falk.

“My dad was a totally independent thinker. —Warren Buffet.

Several pearls of wisdom here –Read More.

|