Monthly Archive: August 2019

I am extensively quoted in this CNBC article: Warren Buffett, now 89, on a lifelong success factor that few other billionaires are willing to credit Luck’s role in success Many successes start with luck. “Having...

Today is Warren Buffett’s 89th birthday.  Happy Birthday, Mr. Buffett! This blog was launched 9 years ago today on the occasion of Warren Buffett’s 80th birthday.  I hope it has been helpful to all...

Brian Moynihan, CEO of Bank of America, was interviewed on CNBC this morning.  These are the highlights: (1) The “inverted yield curve” last week was an indication of a “flight to quality” as (foreign)...

David Rubenstein was interviewed on CNBC this morning.  These are the highlights: (1) We can have a deal with China within 4 months (by December 15?). (2) We had an inverted yield curve for...

In an SEC 13F filing released after the market closed today, Berkshire Hathaway revealed an 11% increase ($100 million) in its stake in Amazon during the second quarter of 2019.  This stake is now...

I am quoted in The Washington Post on whether an inverted yield curve signals an upcoming recession. David Kass, a finance professor at the University of Maryland, cautioned that the yield curve may not...

I am quoted in the Washington Post: “The Dow Jones industrial average, if one goes back to its inception in 1896 and up to the present, has earned 5.6 percent per year on the...

Every U.S. recession since World War II was preceded by the Federal Reserve raising interest rates too far, too fast, from much higher levels than those of today.  The Great Recession of 2007-09 was...

Berkshire Hathaway released its second quarter earnings report this morning. The highlights were: (1) Berkshire Hathaway’s operating earnings declined by 11% during the second quarter, primarily as a result of a 63% decline from insurance...