A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. - Warren Buffett, October 16, 2008, Buy American. I Am. , New York Times That was a month after the bankruptcy filing of Lehman Brothers, in the teeth of the Great Financial Crisis. At the beginning of the article he admits that [...]
Indeed, if you aren’t certain that you understand and can value your business far better than Mr. Market, you don’t belong in the game. As they say in poker, “If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.” I was sitting at my desk early last week listening to CNBC [...]
Our long wait is nearly over. The Fed meets this week and is widely expected to announce a reduction in their purchases of Treasuries and Mortgage Backed Securities. The consensus seems to be that the Fed will reduce its purchases by $10-20 billion per month with the emphasis on reducing Treasury purchases. The reasoning is that with the reduction in [...]
Thinking Things Over July 8, 2012 Volume II, Number 27: Who Should Run HP? An IBMer! Who Should Own HP? Henry Kravis By John L. Chapman, Ph.D. Canton, Ohio Hewlett-Packard shares (HPQ) hit a 52-week low last week, and the firm has lost three-fifths of its market value since hitting a secular high just over 16 months ago. Worse, HP is one of [...]
Thinking Things Over January 16, 2012 Volume II, Number 2: In Defense of Private Equity (Though Not of Romney) By John L. Chapman, Ph.D. Austin, Texas In 1962 the late economist Murray Rothbard of the University of Nevada-Las Vegas wrote one of the great books in 20th century economics, his magnum opus known as Man Economy and State. Among many other [...]
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