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Weekend reading: Buffett stumped

Money links

My weekly commentary followed by some links to a few good blogs and financial articles.

I have only just seen this full interview with Warren Buffett on CNBC, which was conducted on September 16th.

Warren’s recollections on the collapse of Lehman Brothers a year ago makes fascinating viewing (perhaps even the wily old Sage of Omaha was excited by the market meltdown?)

As a fan of Buffett the man as well as the investor, I like how he frankly admits he couldn’t understand the deal being proposed to him about getting into a bid for Lehmans.

He didn’t understand the deal, so he didn’t do it.

If you’re putting money into a complicated structured product that you don’t fully understand, you might want to ask yourself: What would Warren do?

From this week’s personal finance blogs

  • Can you protect your passive funds with options? (Be sure to read the comments!) (Bargaineering)
  • Cheap UK companies are disappearing with the rally (iii blog)

Other interesting financial and money articles

  • Hedge fund superstar Crispin Odey: The rally is a “rational bubble” (Financial Times)

  • Robert Peston asks what Gordon Brown believes in (The BBC)

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{ 3 comments… add one }
  • 1 OldPro October 3, 2009, 4:44 pm

    Heres a good one you missed on your ft reading: two of the oldest investors on the block interviewed about the crash:

    http://www.ft.com/cms/s/0/7930317a-af52-11de-ba1c-00144feabdc0.html?nclick_check=1

    They both lived through the bear market — the 1930s bear market. I thought I was old!

    NotSoOldPro

  • 2 Hank October 3, 2009, 8:18 pm

    Thanks for the mention. I really like the blog. I can’t wait to read more!

  • 3 Baker October 3, 2009, 9:37 pm

    Thanks for the mentions! I loved the interview that you shared. Thought Buffett’s thought were very interesting.

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