Sunday, February 27, 2011
Friday, February 25, 2011
Thursday, February 24, 2011
Wednesday, February 23, 2011
Tuesday, February 22, 2011
Monday, February 21, 2011
Police Have More, Better Rights than You
Illinois - what a great state and example of where things will be going.
Police Have More, Better Rights than You | The Freeman | Ideas On Liberty
Saturday, February 19, 2011
Friday, February 18, 2011
Registered Silver Ounces Available For Delivery at the Comex: The Emperor's Errant Knavery
They can sell all they can to you but do not have to deliver! What a great deal.....for them!
Jesse's Café Américain: Registered Silver Ounces Available For Delivery at the Comex: The Emperor's Errant Knavery
Jesse's Café Américain: Registered Silver Ounces Available For Delivery at the Comex: The Emperor's Errant Knavery
THE BERNANKE PUT AND INSTABILITY IN COMMODITY MARKETS | PRAGMATIC CAPITALISM
Bernakanke thinks very strangely. He thinks that printing money will create jobs and wealth. Gee....where did he learn this ? Has any economy in all of mankind history has been successful doing this? Please tell me, then I can rest easy. My experience and knowledge of history is that wealth is created by savings (living below income), innovation (being more efficient). Not doing this destroys wealth and reduces living standards.
PUT AND INSTABILITY IN COMMODITY MARKETS PRAGMATIC CAPITALISM
PUT AND INSTABILITY IN COMMODITY MARKETS PRAGMATIC CAPITALISM
Warren Buffett: This is "the single most important decision" for buying any stock
Short Answer - Pricing Power
From Bloomberg:
Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., said he rates businesses on their ability to raise prices and sometimes doesn't even consider the people in charge.
"The single most important decision in evaluating a business is pricing power," Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. "If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you've got a terrible business."
Buffett, 80, accumulated the world's third-largest personal fortune through a career of stock picks and takeovers. He has bought companies such as railroads and electricity producers, whose pricing power stems from a dearth of competitive options available to clients. Buffett has also built stakes in firms like Coca-Cola Co. and Kraft Foods Inc., which rely on the appeal of their brands to attract and keep customers.
"The extraordinary business does not require good management," Buffett said in the interview, which was conducted on May 26 in Omaha, Nebraska.
The FCIC investigators focused on Buffett's investment in Moody's Corp., the bond-ratings firm blamed by lawmakers for handing out inflated credit grades during the housing boom. Buffett said he held stock in Moody's because the company's leading market share, along with that of rival Standard & Poor's, a subsidiary of McGraw-Hill Cos., gave the two firms flexibility in setting prices.
Pricing Power
"I knew nothing about the management of Moody's," said Buffett. "If you own the only newspaper in town, up until the last five years or so, you had pricing power and you didn't have to go to the office."
A dominant position can't prevent a bad manager from destroying a company over time, said Benjamin E. Hermalin, a professor of economics at the University of California, Berkeley's Haas School of Business.
"If you have a really dominant position you can survive for quite a long time with bad management but eventually it will catch up to you," said Hermalin. "In the short run I would agree with Buffett but in the longer-run perspective there is something to be said for having a good manager."
Burlington Northern Santa Fe, the railroad Buffett bought last year for $26.5 billion, owns more than 30,000 miles of track across the U.S. West connecting producers and distributors of coal, grain and consumer goods. Omaha-based Berkshire's power company, MidAmerican Energy Holdings Co., sells electricity to homes in the Great Plains and transports natural gas from Wyoming to California.
Praise From Buffett
Buffett routinely singles out and praises managers from Berkshire's more than 70 operating companies. MidAmerican Chairman David Sokol and Gregory Abel, the unit's CEO, are "two terrific managers," Buffett said last year in his letter to shareholders. The acquisition of Burlington Northern had the "additional virtue" of bringing the railroad's CEO, Matthew Rose, to Berkshire, Buffett said.
Buffett criticized Kraft Chief Executive Officer Irene Rosenfeld last year for her takeover of Cadbury Plc and the sale of the foodmaker's pizza brands. "Both deals were dumb," Buffett told Berkshire investors in May. Berkshire is the biggest shareholder of Kraft with a stake valued at $3.3 billion at the end of December.
"In the short run, good management can make a stock pop but I follow what Warren's saying, especially because his point of view looks at the fundamentals," said Terry Connelly, dean of the Ageno School of Business at Golden Gate University in San Francisco, and a former managing director at Salomon Brothers. "Good management can't do anything with a bad case."
To contact the reporters on this story: Andrew Frye in New York at afrye@bloomberg.net; Dakin Campbell in San Francisco at dcampbell27@bloomberg.net.
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net; Rick Green at rgreen18@bloomberg.net.
From Bloomberg:
Warren Buffett, the billionaire chief executive officer of Berkshire Hathaway Inc., said he rates businesses on their ability to raise prices and sometimes doesn't even consider the people in charge.
"The single most important decision in evaluating a business is pricing power," Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. "If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you've got a terrible business."
Buffett, 80, accumulated the world's third-largest personal fortune through a career of stock picks and takeovers. He has bought companies such as railroads and electricity producers, whose pricing power stems from a dearth of competitive options available to clients. Buffett has also built stakes in firms like Coca-Cola Co. and Kraft Foods Inc., which rely on the appeal of their brands to attract and keep customers.
"The extraordinary business does not require good management," Buffett said in the interview, which was conducted on May 26 in Omaha, Nebraska.
The FCIC investigators focused on Buffett's investment in Moody's Corp., the bond-ratings firm blamed by lawmakers for handing out inflated credit grades during the housing boom. Buffett said he held stock in Moody's because the company's leading market share, along with that of rival Standard & Poor's, a subsidiary of McGraw-Hill Cos., gave the two firms flexibility in setting prices.
Pricing Power
"I knew nothing about the management of Moody's," said Buffett. "If you own the only newspaper in town, up until the last five years or so, you had pricing power and you didn't have to go to the office."
A dominant position can't prevent a bad manager from destroying a company over time, said Benjamin E. Hermalin, a professor of economics at the University of California, Berkeley's Haas School of Business.
"If you have a really dominant position you can survive for quite a long time with bad management but eventually it will catch up to you," said Hermalin. "In the short run I would agree with Buffett but in the longer-run perspective there is something to be said for having a good manager."
Burlington Northern Santa Fe, the railroad Buffett bought last year for $26.5 billion, owns more than 30,000 miles of track across the U.S. West connecting producers and distributors of coal, grain and consumer goods. Omaha-based Berkshire's power company, MidAmerican Energy Holdings Co., sells electricity to homes in the Great Plains and transports natural gas from Wyoming to California.
Praise From Buffett
Buffett routinely singles out and praises managers from Berkshire's more than 70 operating companies. MidAmerican Chairman David Sokol and Gregory Abel, the unit's CEO, are "two terrific managers," Buffett said last year in his letter to shareholders. The acquisition of Burlington Northern had the "additional virtue" of bringing the railroad's CEO, Matthew Rose, to Berkshire, Buffett said.
Buffett criticized Kraft Chief Executive Officer Irene Rosenfeld last year for her takeover of Cadbury Plc and the sale of the foodmaker's pizza brands. "Both deals were dumb," Buffett told Berkshire investors in May. Berkshire is the biggest shareholder of Kraft with a stake valued at $3.3 billion at the end of December.
"In the short run, good management can make a stock pop but I follow what Warren's saying, especially because his point of view looks at the fundamentals," said Terry Connelly, dean of the Ageno School of Business at Golden Gate University in San Francisco, and a former managing director at Salomon Brothers. "Good management can't do anything with a bad case."
To contact the reporters on this story: Andrew Frye in New York at afrye@bloomberg.net; Dakin Campbell in San Francisco at dcampbell27@bloomberg.net.
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net; Rick Green at rgreen18@bloomberg.net.
WHAT’S A FIXED INCOME INVESTOR TO DO?
With interest rates so low, and possible increase in interest rates coming, what should you do?
WHAT’S A FIXED INCOME INVESTOR TO DO? PRAGMATIC CAPITALISM
WHAT’S A FIXED INCOME INVESTOR TO DO? PRAGMATIC CAPITALISM
DOLLAR ON THE EDGE OF THE ABYSS
Interesting....and there are bunch of different views.
Gold Scents: DOLLAR ON THE EDGE OF THE ABYSS
Gold Scents: DOLLAR ON THE EDGE OF THE ABYSS
Thursday, February 17, 2011
When the Right Is Wrong
Great quotes in the attached article. A good read.
When the Right Is Wrong - Alexander's Essays - PatriotPost.US
When the Right Is Wrong - Alexander's Essays - PatriotPost.US
Wednesday, February 16, 2011
4 Bedrooms for the Price of 4 Wheels
Real Estate deals for price of a vehicle.
4 Bedrooms for the Price of 4 Wheels Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News
4 Bedrooms for the Price of 4 Wheels Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News
Tuesday, February 15, 2011
Coke's Formula
The Formula is there.....is it the same?
Did ‘This American Life’ discover Coke’s secret formula? - Yahoo! News
Did ‘This American Life’ discover Coke’s secret formula? - Yahoo! News
Monday, February 14, 2011
Sysco: "IMMEDIATE VOLATILE PRICES, EXPECTED LIMITED AVAILABLITITY, AND MEDIOCRE QUALITY AT BEST."
Have not heard of this. Mexico has had a freeze which destroyed crops. As a result, there will be limited availability and of course, much higher prices.
Major Food Distributor Sysco: "IMMEDIATE VOLATILE PRICES, EXPECTED LIMITED AVAILABLITITY, AND MEDIOCRE QUALITY AT BEST."
Major Food Distributor Sysco: "IMMEDIATE VOLATILE PRICES, EXPECTED LIMITED AVAILABLITITY, AND MEDIOCRE QUALITY AT BEST."
Saturday, February 12, 2011
Thursday, February 10, 2011
Friday, February 4, 2011
Bernanke and Ethanol Subsidies Cause Problems in Egypt
Bernanke's policies are starting the problems in 3rd world countries. It will not be long before the Western world feels the pain.
RealClearMarkets - Bernanke and Ethanol Subsidies Sink Egypt
RealClearMarkets - Bernanke and Ethanol Subsidies Sink Egypt
Thursday, February 3, 2011
Rough Rice Approaches Two Year Breakout
Again! I just sit on the side lines.
Rough Rice Approaches Two Year Breakout – We’re Going Long — The Contrary Investing Report
Rough Rice Approaches Two Year Breakout – We’re Going Long — The Contrary Investing Report
Wednesday, February 2, 2011
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