Silver as an investment

Category Archives: Berkshire Hathaway

Bloomberg Has Identified Buffett’s Successor At Berkshire Hathaway (It Thinks)

There are some well-kept secrets in the financial world. For example, there’s the identity of the person or people who designed Bitcoin under the pseudonym, Satoshi Nakamoto. Then there’s the identity of the parties responsible for the frequent dumping of billions of dollars of gold futures contracts on to the market without regard for maximising […]

Ralph Nader: How CEO Stock Buybacks Parasitize The Economy

Authored by Ralph Nader via Evonomics.com, The monster of economic waste – over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations – started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, […]

Flatliners – Dead Market Walking

Authored by Sven Henrich via NorthmanTrader.com, In the movie Flatliners aspiring medical doctors tried to unlock the mysteries of death by, well, killing themselves. It was meant to be a controlled death of course, to flat line on the heart rate monitor for a few minutes to find out what wonders where to be found […]

Frontrunning: October 4

Spanish tensions bar Europe from global stocks party (Reuters) Catalonia to move to declare independence from Spain on Monday (Reuters) Catalan Police Chief Investigated For Sedition (TSR) Trump Suggests Puerto Rico’s Debt May Need to Be ‘Wiped Out’ (BBG) Trump Heads to Las Vegas After Shooting Reignites Gun Debate (BBG) Putin says Trump is listening […]

Warren Slams Wells CEO “You Should Be Fired” As Buffett Counters “He Has My Faith”

In a repeat of what she said almost exactly one year ago, when Senator Elizabeth Warren told then-Wells Fargo CEO Stumpf “You should resign, you should be criminally investigated” – not long before Stumpf indeed resigned, moments ago the kangaroo court was back in session and Warren doubled down her attack on Stumpf’s replacement, Wells […]

Buffett Sees Market Crash Coming: His Cash Speaks Louder Than Words

Buffett Sees Market Crash Coming: His Cash Speaks Louder Than Words The Sage of Omaha’s adage is “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Editor: Mark O’Byrne But for Warren Buffett the current environment doesn’t appear to be offering up any wonderful companies […]

The Stock Market Is Like Yellowstone: “It’s Beautiful, But It Has A Volcano Underneath It”

Authored by Mac Slavo via SHTFplan.com, Anyone putting money in the stock market at this point should have their head examined. The fact that the stock market had reached a record high for the ninth day in a row should be enough for any rational person to see that we’re in a bubble of massive […]

Jeff Bezos Surpasses Bill Gates – Becomes World’s Richest Man

A surge in Amazon shares this morning (ahead of earnings) has propelled founder Jeff Bezos past Microsoft founder Bill Gates as the world’s richest person… As Bloomberg reports, shares of the online retailer rose 1.8 percent to $1,071.31 as of 9:30 a.m. in New York. If the gains hold through the close, Bezos, 53, could leapfrog Gates on the Bloomberg […]

Warren Buffett Becomes Bank Of America’s Top Shareholder, Books $12 Billion Profit

As we previewed exactly 24 hours ago, Buffett’s Berkshire Hathaway said it will exercise warrants to swap its preferred Bank of America shares for 700 million shares of BAC common stock, making Buffett the largest shareholder, surpassing BlackRock, Vanguard and State Street . Buffett is also the top shareholder at Wells Fargo. Buffett exercised his […]

Warren Buffett May Soon Be The Largest Shareholder In A 2nd US Megabank

Remember when Warren Buffett anecdotally "took a bath" when he decided to effectively rescue Bank of America with a $5 bilion equity injection in 2011? He may be due for another bath any minute. Warren Buffett, already the largest shareholder in recently disgraced Wells Fargo, could soon become the largest shareholder in another US megabank […]