My Mind on Mortgages

There are very few people in the business world that I respect more than Warren Buffett (hereby referred to as “WB”).  His skill, success, conviction, simplicity, and humor are all characteristics that I have a deep admiration for.  In the past I’ve read several books which cover WB’s investment style but lack significant biographical detail.  [...]

For anyone involved in business or investing Berkshire-Hathaway’s annual report should be required reading.  Not so much the entire report but at least the letter which is carefully crafted by one of my favorite people, Warren Buffett.  You can read this year’s letter along with past years at this link. I try to read it [...]

Last week I blogged about Warren Buffett’s purchase of preferred stock in Goldman Sachs.  Today it was announced that Berkshire Hathaway (the investment firm that Buffett chairs) has reached an agreement to purchase $3 billion in preferred stock in GE. Again I say, if Warren Buffett is jumping in now we have to be near [...]

Rates remain unchanged this morning after being pushed slightly higher yesterday afternoon. What does Warren Buffet have to do with mortgage rates? The greatest investor of all time (in my opinion) gave a huge vote of confidence to the financial system yesterday when it was announced that he had reached a deal with Goldman Sachs [...]

What is the #1 sign that the bailout will work?  How about this article in the WSJ which reports that Warren Buffett has reached an agreement with Goldman Sachs to buy $5 billion in preferred stock? This give me confidence that this plan will make things right for our financial system.