Apparently, the propaganda has begun to build around our current Fed Chairman, Ben Bernanke, as evidenced by this small blurb in the morning’s Financial Times: Challenges Mount For ‘National Hero’ Bernanke Of course, the gushing comments come from two prominent figures of the short-sighted, slash-and-burn corporate America that rules over our country: Jack Welch and [...]
Welcome to the january 12th, 2009 edition of the Festival of Stocks, hosted this week by the Enlightened American site. Below, you’ll find a selection of posts covering a wide array of topics in investing and personal finance. You can find more information on the Festival of Stocks here. More on this topic (What's this?) [...]
Once again, Buffett picks up a sweetheart deal, this time at GE, with the same terms apparently as his Goldman Sachs investment. $3B in perpetual preferred shares @ 10% yield + warrants to purchase $3B in stock (I don’t know what the strike price is on these $22.25 at any time during a 5-year period). [...]
A few weeks ago, a reader asked me about my current thoughts on Telecom New Zealand (NZT), which, as of 07/01/2008, was down 16.5% since I bought it last year. The blog’s hacking sidetracked me a bit and also, I’ve been “rolling” NZT and its future prospects in my head for a while. But judging [...]
I added more GE yesterday at $29.70 (and again on 06/26/2008 @ $27.58 $26.58). Please note that my portfolio results will continue to reflect only my initial entry point, as it does with all stocks (for example, my PWE entry point is shown at $30.11 even though I no longer have any of the shares [...]
General Electric (GE) is the smallest position in my portfolio and I don’t really do much work on it. I’m a big fan of Jeffrey Immelt and think that GE is the quintessential American company, warts and all. But the main reason we own this stock is because my girlfriend was won over by the [...]
