My first speech in Introduction to Speech Communications at North Idaho College.
Warren Buffett Knows the Language of Investing
My first speech in Introduction to Speech Communications at North Idaho College.
It’s time to get out of the stock market, analyst says
Charles Ortel is a managing director of research firm Newport Value Partners. Previously he was a managing director of Dillon Read, followed by stints at The Bridgeford Group and The Chart Group. This is Part 1 of the interview. Part 2 will be published May 2.
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Live From Omaha: The Berkshire Hathaway Annual Meeting
Join Fool advisors and analysts as we live-blog from the annual “Woodstock for Capitalists.”
Read more on The Motley Fool
Many Questions Surround Sokol’s Downfall
David L. Sokol was treated like a rock star at last year’s annual meeting of Berkshire Hathaway, the conglomerate run by Warren E. Buffett. Shareholders lined up for autographs and snapshots of the executive considered by many to be Buffett’s successor.
Read more on The Lakeland Ledger
Investing Book Payback Time Makes #1 on the New York Times Bestseller List for Second Consecutive Week
Atlanta, GA (PRWEB) March 19, 2010
Financial advocate and bestselling author Phil Town’s newly released book on investing, Payback Time, held the number one spot for hardcover non-fiction on the New York Times bestseller list for the second week in a row.
Payback Time has held the number one spot on the New York Times bestseller list for books sales ending the week of March 6 and the week of March 13.
In his book, Town explains an investment strategy he calls “stockpiling,” a modern approach to value investing that is akin to that used by successful investors like Warren Buffett and Carlos Slim, and describes methods to identify and value what Town terms “wonderful companies” with the goal of buying them at a significant discount to their intrinsic values.
“When I wrote this book, I estimated my market place to be 50 million people,” Town stated. “My ideal reader ranges from the average investor who shops at Walmart to the more sophisticated investor who talks to his broker on a regular basis. The range is enormous and I love that because all of us share one common concern – we care about our financial health.”
Town believes that his book can help investors at any skill level learn how to research, analyze and choose stocks that can potentially produce profitable long-term returns. Payback Time, in combination with Town’s new educational enterprise, supports Town’s investor revolution, which is designed to encourage individuals to consider taking back the management of their investment capital from mutual funds.
For more information about Phil Town and his new book, Payback Time, please visit his website at http://www.PaybackTime.com.
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Time honor caps celebrity-making of Facebook founder
Before 2010, Mark Zuckerberg, the 26-year-old co-founder and CEO of Facebook , was primarily known as a mysterious, sweatshirted figure, a Silicon Valley wunderkind familiar mainly to those in tech circles. But this year, Zuckerberg has been thrust into pop culture ubiquity, appearing on screens of all shapes and sizes, from “Oprah” to one of the year’s most acclaimed films. Last week, his …
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The recession has hit America badly. The events that took place from the mortgage crisis to the stock market crash, and down to the collapse of major companies, were really traumatic, to say the least. It is a good thing the American market is currently showing signs of early recovery. Though there are still layoffs probably coming, experts believe the recession will not get any worse any time soon.
Be that as it may, it is again time to start thinking about investing your money. Whether in banks, foreign exchange, bonds, mutual funds or even the dreadful stock market, a lot of people are thinking of pumping money back in market, ready to roll their cash in exchange for a possible profit. However, is it really safe to invest in this current economic environment? The answer to that question is really up to you. Investing, after all, is not an objective option. It all depends on your ideal time frame and risk tolerance.
Often called the term, the time frame should be the basis of where to put your investments. Since investments are generally categorized as either risky or not too risky, time plays a crucial role in the investment world. The time-frame can be divided into three terms; short (less than a year), middle(1-8 years), and long(more than 8 years).
When it comes to the concept of risk, investors are generally classified into three groups; conservative, moderate, and aggressive. It is important that you are aware of your risk tolerance so you would know where to invest. To give you an idea of these classifications, let’s just say conservative investors prefer government and corporate bonds, while aggressive investors love the thrill of day trading.
Mixing it up
Both time frame and risk appetite is important in the world of investing. In fact, they should always go hand in hand because choosing your investment’s time frame is dependent on your risk appetite, and vice versa. For instance, you invest a chunk of your money in the stock market because you want to reap the benefits for the purpose of paying your child’s college tuition fees 18 years from now.
This is a really neat idea for a lot of parents out there, but not a very wise one as far as financial advisers are concerned. 18 years is a long term investment, and because the stock market is known to be a very volatile investment vehicle, you are not guaranteed that your investment would earn at the end of the 18th year. You may earn a lot during the 17-year stretch, but you can lose all of that in the last year. Take a look at the events that took place prior to the recession. Everything was going well; people were turning in profits in the stock market, when suddenly the market crashes and trillions of dollars drift away in an instant.
If you are investing for the long term such as 18 years, put your money in less risky investments. Go for bonds or life insurance. Leave the stock market for short or medium term investments. Unless you are Warren Buffett, stick to this concept and you will reap the rewards and smile all the way to the bank in no time.
Your small business is bound to yield fruit when you keep long-term goals in mind during daily operations. In this chapter, you will find tips that will help your company function with optimal impact and align the moment-to-moment operations with the overall vision and goals you’ve set forth in previous chapters. Constant examination of each department that has an integral role in the effectiveness of the business should be monitored for its contribution to the “bottom line.”
Developing a strategic asset, similar to a trademark or brand name, creates a competitive advantage over other companies, which raises barriers to entry in your marketplace. If there were no barriers, competitors could walk in and take over. No one would have a competitive advantage over another. All would be equal, with regular, dull profit margins.
“In business, I look for economic castles protected by unbreachable ‘moats.’”
—Warren Buffett, Berkshire Hathaway Annual Report (1995)
In order to achieve and maintain a competitive advantage over your rivals for any invention, service or product, it is wise to develop some line of defense. Just as in sports, a team must have a defensive plan against the competition. If it is a strong line of defense, your opponents will eventually give up. The more competitive the market is, the more barriers are recommended to maintain a competitive advantage. It is worth the effort, as rewards are high.
With a trademark in effect, as a strategic asset, that product becomes recognized over others in the industry, and will hold against strong competition, sustaining prices and profit margins. Another strategic asset is establishing a brand name. This deters competitive companies in the beginning stages. Brand names take more time to establish.
A company definitely would command a stronger presence with more barriers, such as a patent or copyright, and would lead the pricing in their industry. The more strategic assets a company attains, the more successful that company will be.
http://www.24-7pressrelease.com/press-release/no-loans-when-you-need-them-96395.php Ilya Bodner
Small Business Owner
Initial Underwriting Group
Many people are looking for different new ways to start getting more income. They start different methods for getting income. Some may choose a second job or some may choose a part time business. In both ways, one can increase income but practically it is quiet difficult. One can get more income from a part time business or a second job but the problem is both are time consuming. A part time business takes much time or more time than a second job. So the question is what one can do and what is good for making more income? And what takes less time to make more money?
It is really possible that you can make money more in less time. Here is one tip for you.
Do you know Warren Buffett and Donald trump? They are the best business tycoons and they leverage their time to make more money. One of them is real estate master and other is in stock trading. Both these men have recently realized and started a new way of business or maybe it is an old streamline of business but converted it in new technological society. The new business model which these men have started is known as network marketing and it can be home based business. As the money made in network marketing is alike to compounding. The money earned by one is multiplied to get increasing profit by efforts and time happening in an organization.
In a traditional business, only the person ranking top gets more money but by network marketing any one can be on a top level but they can achieve this level only by helping others in their goal and team working.
You can also create more income through this online business of network marketing. Work as a network marketing employee in part time and make money from home.
So what a person starting a home based business of network marketing really needs to have?
Well, they really don’t have need of anything beside a laptop or iPhone with an internet connection with a desire to make your business work. You really do not need to worry much about documentations and other processes. Just need to fill up few forms for providing your identification and your ID for your career and start booming in network marketing home based business. The main advantage of this type of business is that you can work easily sitting anywhere and at any time suitable for you.
How to start this kind of business?
Start this business by using any website online suitable for you for network marketing. There are so many websites online and you can search them on internet to see what is more suitable for you. Do try to start the business with others to work as a team work. You can find potential people easily on network marketing websites who are willing to work seriously.
There are some financial and business advisors online which can also help you to establish your home based business. These advisors can help you with little or no investment and even no inventory, no employee, no boss tensions and more better is the income which you can get more by sitting at home and working online. The home based business industry is unlimited in growth so be a part of it right now.
Why it’s a good time to buy Buffett’s Berkshire
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Business books are published every day, and with thousands of business books out there to choose from, how do you know which books to read? Some authors publish books with the intention of sincerely helping you make more money or get out of debt, but there are hundreds of authors who simply want to make themselves money and do not really care about your financial life.
There are hundreds of books available today that can really change the way you think about money and can help improve your current financial situation. Before you buy another business book, take a minute to think about the following eight guidelines and make sure your book is not simply another get-rich-quick book that will only waste your time.
1. Check the ratings and reviews on Amazon
Amazon is a wonderful tool to help find out how people feel about the book you are interested in reading. Amazon provides a 5 star rating system in ½ star increments, so you can see if the book is highly recommended at around 5 stars out of 5, or not highly recommended at a lower star rating such as 1 star out of five. However, use caution with Amazon. You will want to read several ratings and make sure they seem genuine and legit. Many less-known authors will create fake user names and have their peers do the same to drive up their star ratings. It is a sorry way to make themselves look better and their books seem better than it may actually be. If you see that a book has similarly worded ratings and nothing but 5 star ratings, take a second look before buying the book. Also, look at the author’s other books and see how they are rated. This may help give you a good idea of whether or not the author is actually a decent, respected writer.
2. Research the author’s credentials
Use your favorite search engine and type in the author’s name. Look at his/her website and information such as publisher, any reviews in major newspapers, and whom he/she has written for in the past. If you find that the author is published by a reputable publisher such as Harper Collins, Three Rivers Press, Norton, Random House, or John Wiley and Sons, you probably have a well-known and respectable author. Also, if you can find a New York Times book review or a favorable review from a paper such as the Boston Globe, you can feel safe that the reviewer is reputable and the book will be a good read. Also, if you can find that the author has written for well-known papers or magazines in the past like Sports Illustrated, the New York Times, or other large publication sources, you can feel safe that the author has good credentials and is a talented writer.
3. Ask a friend or advisor what they recommend
Some of the best book recommendations some people will ever receive come from respected mentors and peers. For example, if you are taking business classes at a university or working in a business-related office, ask your professors or co-workers what they have read and recommend. You will find that most people are thrilled to talk about books and their personal favorites. People are always glad to give suggestions about what you should read and the most influential books they have read. Why read about what strangers think online when you can hear a first-person account of a book from someone you trust.
4. Harper Collins Business Essentials
Harper Collins produces a line of books called Business Essentials, which is a collection of business books that are the best of the best. Many colleges and universities use these books as required reading in their undergraduate and MBA classes. In this series you will find books by authors such as Michael Dell, the founders of Hewlett Packard, and Benjamin Graham. The books in this series have sold millions of copies and all of them should be required reading for any serious business person.
5. Look for books by business tycoons
If you go to your local book store and look for books with sound business advice, you will most likely find a large majority of them have get rich quick advice and will simply waste your time while reading them. Many of these authors are self-proclaimed to be rich and do not have any credentials that allow them to give you financial advice. The truth is, most business book authors are simply out to make money. However, there are authors out there that have made their millions and billions of dollars the right way, and want to tell you how they did it for your own benefit. Some people who made their money the right way are Bill Gates, Warren Buffett, Michael Dell, etc. These people do not want to take your money; they already have billions of dollars. They hope only to tell you their story and tell you how anyone, including you, can go from rags to riches. You can feel good that your money is well spent on books written by business tycoons and that their advice is from the best of the best in the business world.
6. Avoid “Get Rich Quick” or “Make Millions Now” books
Everyone has heard the saying, “If it seems to good to be true, then it probably is.” The same rule applies to business books. Book stores have shelves lined with books about how you can “get rich quick” or how you can use the author’s five secret steps to becoming a millionaire. The truth is that a majority of these books are totally useless. Authors will tell you that they are self-made millionaires and living the life they always dreamed of, but will never tell you how they made the millions of dollars. Why take advice about your money from someone that you have never heard of? Instead of spending your hard-earned money on worthless books by could-be millionaires, spend your money wisely on books that are proven and written by someone notable.
7. Read the first few pages
If you usually buy your books at your local book store or online at websites such as Corner Office Books or Amazon, be sure to not only read the book reviews but also the first few pages. While reading the first 5 to 10 pages, look for sentences that may cause concern, telling you how to live the life you have always dreamed of and how you can make a million dollars fast. You can usually get a general feel for the validity of the book by taking a few minutes to read a couple of pages.
8. Look for books that have been selling for 50+ years
There are numerous books that have been published for dozens of years. You may even come across books by authors such as Dale Carnegie that are highly recommended and have been published for over 70 years now. If a book has been in publication for so many decades, you can bet it is a great read. You will also find books by authors such as Benjamin Graham and Warren Buffett that are proven and full of great principles and advice. These authors are usually very old or have passed away, but their books have lived on and are time-tested to have good advice and principles valuable to business people today.