Buffett Says ‘Bet Heavily’ Against Double Recession (Part 1/2)

July 8 (Bloomberg) — Warren Buffett, chief executive officer of Berkshire Hathaway Inc., talks about the debt ceiling debate and the US economy. Buffett, speaking with Betty Liu on Bloomberg Television’s “In the Loop,” also discusses his views on acquisitions, the labor market and Todd Combs. (Source: Bloomberg)

A MUST WATCH VIDEO OF BUFFETT… THESE ARE THE BEST PARTS… 25.28 28.45 33.45 35.30 54.28 55.50 57.00 1.00.50

An Interview With Warren Buffett: Part 2 of 9

In this segment, Mr. Buffett talks about his experiences as Berkshire Hathaway’s CEO. Nell Minow, Editor and Co-Founder of The Corporate Library, an independent corporate governance research firm, interviewed billionaire investor Warren Buffett for The Corporate Library’s 2010 Public Funds Forum, held in Laguna Beach, California, in September 2010. (c) 2010 The Corporate Library LLC All rights reserved. With thanks to Persistence Media www.persistencemedia.com.

Buffett and Gates Go Back to School (Part 4 of 8)

For the latest Warren Buffett, go to WarrenBuffettNews.com – There are areas in life in which Bill Gates judgment might not be at its strongest. In those instances, he is lucky to be able to seek out advice from people like his wife and friends in order to help him see his blind spots. It is a great asset to have a small number of people that you can turn to. It is amazing how decentralized Berkshire Hathaway is run. He bets on brains and he bets on people, and they typically make the right decision. After school, the unusual person will really jump out at you. The way that they treat people around them, and the energy that they bring to the table will really jump out at you. One of the top skills you can acquire is public speaking. It is also a rare talent to be able to bring out the best in the people around you. You don’t have to be smarter than them, you just need to be able to bring out the best in others. For Bill Gates, he likes to look for three main skills. He likes people who are good contributors, people who are good at strategy, and those who are good with people. He has set up career paths at Microsoft for each of those three types. The ideal person is great at all three skills. Although there are many people who possess at least one of them, it is unfortunately very rare to see all three of them in a single person.

Options as a Tool for the Value Investor: An Elementary Perspective (Part 1)

Options as a Tool for the Value Investor: An Elementary Perspective (Part 1)
By Humberto Fosado. Derivatives have been called “financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal” (Buffett). Option trading is no exception. The buyer of an option could find his investment rendered worthless in a relatively short time. By the same token, an option writer (if uncovered) finds herself in an extremely risky position and might …
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Friday Morning Constitutional
In Friday’s morning roundup: a brief look at another frustrating Giants loss, a mysterious film crew in the Mission, the Nx-Judah Express starts monday, U2 caused a mess of a traffic jam in Oakland and bidding on lunch with Warren Buffet to benefit Glide breaks $ 2.3 million. [ more › ]
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U.S. Steel’s Management Is Creating Value
What EVA momentum shows us about the folks running this company.
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Buffett and Gates Go Back to School (Part 7 of 8)

For the latest Warren Buffett, go to WarrenBuffettNews.com – There is no need for a flat income tax. You’d be surprised how flat it is already. The hidden tax on poor people is the payroll tax. That tax is negligible for people like Buffett and Gates. There has been a huge benefit to the rich. When you read about the tax rate, they usually always leave out the payroll tax. The rich should probably bear a higher burden than they already do. Buffett could go the rest of his life without ever paying any federal income tax. It is very unfair for the poorer people. The prosperity and wealth of the world come about through the products that people like Buffett and Gates make. In this process, they accumulate money, but those are more like claim checks on society. They are not consuming any of their wealth. Instead, they are using that money in order to change the world in the best way possible. Owning a large company is not consumption. If someone makes million and they build a bunch of mansions, then they are redirecting society’s limited resources into their own direction. Buffett can do almost anything that doesn’t involve physical activity. What he chooses to do is to jump out of bed and work at Berkshire Hathaway. For Gates, he will be 60 in ten years. His life’s work has been around Microsoft. In the near future, he will be spending more time on philanthropy. He loves his job, and he will always want to be involved in some capacity. Apart from business, success in