Warren Buffett

What Is The Buffet Indicator Saying About Gold?

The monetary experiment led by the world’s major central banks by way of quantitative easing has done much to inflate asset prices since the global financial crisis, and at this point having an allocation in gold appears very sensible.

"Mystery" Central Bank Buyer Revealed, Goes On Q1 Buying Spree

While traders and investors were struck by the perplexing price action in the market in the first few months of the year, where on one hand institutions were dumping stocks at a near-record pace even as the S&P was making fresh all time highs, one central bank was quietly buying everything in sight....

Frontrunning: May 5

  • A kinder, gentler Trump for third healthcare try (Reuters)
  • Senate Moves Obamacare Repeal to Slow Lane After House Squeaker (Bloomberg)
  • 14 Players to Watch in Senate Health-Care Overhaul (WSJ)
  • Futures flat ahead of jobs report; IBM drops (Reuters)
  • Oil Stems Losses in Volatile Trading (WSJ)

Buffett Sells A Third Of His IBM Stake: “I Don’t Value IBM The Same Way That I Did Six Years Ago"

"I don’t value IBM the same way that I did six years ago when I started buying . . . I’ve revalued it somewhat downward,” he said. “IBM is a big strong company, but they’ve got big strong competitors too." Buffett bought in at an average price of about $170 per share, and when the shares briefly traded above $180 earlier this year “we actually sold a reasonable amount of stock” Buffett said.

Welcome To The Corporatocracy

The interests of Washington and large corporations have merged so completely they are now inseparable.

It's Different This Time...

Throughout history, financial bubbles have only been recognized in hindsight when their existence becomes “apparently obvious” to everyone. Of course, by that point is was far too late to be of any use to investors and the subsequent destruction of invested capital. This time will not be different. Only the catalyst, magnitude, and duration will be.