Friday, April 30, 2010

Sleep well future billionaire


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Is Warren Buffett as ethical as he and his public relations team really says?

Warren Buffett has successfully convinced and by-passed numerous potential scandals in his career such as connections with AIG insurance, his involvement with Soloman Brothers and more recently with his shareholding with Moody's and their bond rating problems.

Recently he made a timely and successful investment in Goldman Sachs.

Will Warren Buffett, once again, maintain his lily-white image during his shareholder meeting in connection all that is Goldman Sachs??? Or, is the Warren Buffett charm offensive running out of steam???


WSJ article


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Tuesday, April 27, 2010

Warren Buffett to U.S. Senate: Help Me

It now turns out that Warren Buffett is just like all the other billionaires who eventually turn to the federal government to help them out of a jam. Yeah ... long term investor my ....
"Among the considerations still in the balance: A big provision being sought by Warren Buffett in recent weeks. A key Senate committee had changed its proposed overhaul of derivatives regulation after lobbying by Mr. Buffett's Berkshire Hathaway Inc., potentially helping the famed investor avoid a financial hit, congressional aides say."


article

Sunday, April 25, 2010

"Billionaire Party Boy" (Burkle) likes Philadelphia Freedom Properties (dead media)

"Billionaire Party Boy" is a term used by the NY Post to describe the California billionaire college drop out Ron Burkle, is interested in buying several Philadelphia newspapers.

article

Party Boy Ron is having a pretty active 2010, if you ask us.

He is mixed up with Harvey Weinstein regarding some Miramax funding plans.

He has left Yahoo's board of directors. (Good move Ron, IOHO)

And earlier this year, Ron let some more info about former President Bill Clinton be known to the world at large.


In any event, let's keep a close eye on Ron Burkle during the rest of the year. Ok?