Archive - May 4, 2010 - Blog entry

Regulations are going to get tougher, inspections more rigorous, and taxes higher. Raising the production cost of what is already the world’s most expensive oil. Watch out for the new $10 billion liability cap. The offshore industry’s dirty little secret. Cap & Trade, once DOA, has been reborn. The only certainty is more expensive gas at the pump.

Is there Eurozone warfare going on right now? William Engdahl thinks so, and what he has to say might surprise you.

Why are the D.C. lenders "overweight" Puerto Rico?

So everybody is asking if "Greece will make it through the Pan-European Sovereign debt crisis and if not, then who's next?" Well, we have spent at least 3 man-months answering this very question, and I am finally getting around to publishing these answers in a formal report. It is the calculations behind this very same report that has allowed me to call this Pan-European Debt thing quite accurately for the last 4 or 5 months - calls that were in direct contravention to practically every quoted political leader and most Wall Street banks may I add. Let's walk through recent history...

The CFA North Carolina Society recently hosted a series of meetings on Avoiding Short-Termism across the state. Jack Gray, Adjunct Professor at the Centre for Capital Market Dysfunctionality at the University of Technology in Sydney, was kind enough to allow us to share his presentation with our readers. Jack's presentation identified the sources of short-termism in addition to offering suggestions for overcoming said barriers, and exploiting long-term value creation.

Another look under the hood of what is driving consumer expenditures...

While the current economic data appears rosy, it won't be sustained without credit or rising wages or job growth. Much of existing spending is from a drawdown of savings and various transitory stimulus programs. These things won't last.

These are the definitive 2010 Berkshire Hathaway Annual Meeting Notes. Almost 15,000 words. This is just about as close to an actual transcript as you are going to find. Enjoy!