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
- More thoughts on Warren Buffett’s recollections (Get Rich Slowly)
- 80 years of US market returns: a downloadable spreadsheet (Oblivious Investor)
- Quotes from indexing guru John Bogle (Own the Dollar)
- Can you protect your passive funds with options? (Be sure to read the comments!) (Bargaineering)
- Frugality can be a waste of time (The Simple Dollar)
- Cheap UK companies are disappearing with the rally (iii blog)
- Everything Man Vs Debt owns (Man Vs Debt)
- Emotional investing (Wealth Pilgrim)
Other interesting financial and money articles
- Has buy-and-hold failed investors? (Financial Times)
- Hedge fund superstar Crispin Odey: The rally is a “rational bubble” (Financial Times)
- John Lee is banking on big caps (Financial Times)
- Only cash offers uncorrelated returns (Financial Times)
- Day traders are back (The Times)
- Robert Peston asks what Gordon Brown believes in (The BBC)
- UK house price rises are “unsustainable” (The Telegraph)
- Natwest is offering a 5% regular saving account (The Independent)
- And finally… A star surfer with Asperger’s (The Independent)
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