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 [1]?)
As a fan of Buffett the man [2] 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 [3] 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 [4])
- 80 years of US market returns: a downloadable spreadsheet (Oblivious Investor) [5]
- Quotes from indexing guru John Bogle (Own the Dollar [6])
- Can you protect your passive funds with options? (Be sure to read the comments!) (Bargaineering [7])
- Frugality can be a waste of time (The Simple Dollar [8])
- Cheap UK companies are disappearing with the rally (iii blog [9])
- Everything Man Vs Debt owns (Man Vs Debt [10])
- Emotional investing (Wealth Pilgrim [11])
Other interesting financial and money articles
- Has buy-and-hold failed investors? (Financial Times [12])
- Hedge fund superstar Crispin Odey: The rally is a “rational bubble” (Financial Times) [13]
- John Lee is banking on big caps (Financial Times [14])
- Only cash offers uncorrelated returns (Financial Times [15])
- Day traders are back (The Times [16])
- Robert Peston asks what Gordon Brown believes in (The BBC [17])
- UK house price rises are “unsustainable” (The Telegraph [18])
- Natwest is offering a 5% regular saving account (The Independent [19])
- And finally… A star surfer with Asperger’s (The Independent [20])
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