The double dip recession is certainly here

A few weeks back, United States Federal Reserve Chairman Ben Bernanke stated that the economy is “unusually uncertain”.  This unusually explicit statement from the Chairman is alarming.  And reminiscent of the fascinating Secretary Donald Rumsfeld’s statement:

There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we now know we don’t know. But there are also unknown unknowns. These are things we do not know we don’t know.

A few days ago, John Chambers, CEO of Cisco Systems, a bellwether for technology companies, echoed Bernanke and stated → continue reading The double dip recession is certainly here

Friendship Test by Warren Buffett

Paula Schleis is the author of a valuable article titled Day with Warren Buffett enriching to University of Akron  students in The Akron Beacon Journal.  The article is based on a meeting between Warren Buffett and a few University of Akron students lead by Todd A. Finkle, Associate Professor of Management, Fitzgerald Institute for . . . → Read More: Litmus Test for Friendship by Warren Buffett

Pier 1 Imports Stock

In March, I wrote about Carlos Slim Helu on Stock Investments and Pier 1 Imports; at that time the stock price of Pier 1 Imports was about 15 cents.  This stock price has risen to about $1.80, driven in part by insider buying worth over $2 million dollars by Greek Investments Inc.   I . . . → Read More: Pier 1 Imports Stock

Warren Buffet and Wells Fargo Company

Warren Buffett

Warren Buffett was on CNBC with Becky Quick and he said, “Our country will do fine even if we screw up”.  I wish we screwed up less by not embracing concepts that work only for the short term.

He also felt that President Obama is right for our current economy and . . . → Read More: Warren Buffet and Wells Fargo Company

Carlos Slim Helu on Stock Investments

Carlos Slim Helu-Photo: Agencia Brasil

Here is an excerpt from an interview of Carlos Slim Helu, Mexican billionaire, that appeared on CNBC approximately in February 2008 as the stock market was going down.

Michelle Caruso Cabrera: In 1982, when Mexico was falling apart, people were fleeing the country. You were buying assets that . . . → Read More: Carlos Slim Helu on Stock Investments