Nov 13th, 2008 by stewart
How does the richest man in the world view the financial crisis facing the U.S. and the world?
Click here to watch the Video of this exclusive interview (55 minutes).
Take notice:
He is investing $3,000,000,000 in GE and $5,000,000,000 in Goldman-Sachs.
Key theme:
“Be fearful when others are greedy, and greedy when others are fearful.”
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Nov 8th, 2008 by stewart
The TED (Technology, Entertainment, Design) conference is an invite-only once a year event, where they bring together some of the most amazing people in the world to exchange ideas. Tony Robbins is one of the most respected personal development guys out there. Here is a video of Tony at TED (with Al Gore in the audience!). You can feel Tony’s energy, enthusiasm and passion through this short (20 min) but effective video.
See Video: Tony Robbins Motivates you in 20 minutes!
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Aug 29th, 2008 by stewart
Just a few years ago, single-family home permits were on the rise, breaking records each quarter. It seemed as if the growth would last forever. It was definitely reminiscent of the tech bubble days 1999-2001.
Now, based on Census Bureau data thru July 2008, the correction (well overdue) is finally here. This is the natural course of all markets, i.e. demand exceeds supply for a period of time, then supply exceeds demand, repeat. This “correction” is a good thing in my humble opinion: the sooner the excess housing can be absorbed, the sooner we’ll hit bottom and the sooner the housing industry can begin a healthy recovery.
Credit: Thanks to John Burns Real Estate Consulting for the chart!
A related thought from Warren Buffett:
“The most common cause of low prices is pessimism — sometimes pervasive, sometimes specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It is optimism that is the enemy of the rational buyer.”
- The Essays of Warren Buffett, 1st Revised Edition, pg 103.
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