Thursday, November 29, 2012

Steven Cohen of SAC gets a Wells Letter

Steven Cohen of SAC gets a Wells Letter from the SEC.

Billionaire hedge fund manager shoots back saying the firm "acted appropriately."

Wednesday, November 28, 2012

Warren Buffett: Tax the rich to bring joy and glad tidings to the middle class


MATT LAUER, TODAY: So bottom line, would raising taxes on the wealthiest Americans have a chilling effect on hiring in this country?

WARREN BUFFETT: No, and I think would have a great effect in terms of the morale of the middle class, who have seen themselves paying high payroll taxes, income taxes. And then they watch guys like me end up paying a rate that’s below that, you know, paid by the people in my office.

Tuesday, November 27, 2012

Friday, November 16, 2012

Eddie Lampert jumps on the Netflix bandwagon

Now it is Eddie Lampert's turn to jump on Netflix for fun, action and profits.

Eddie, via RBS Partners, bought 704, 381 shares of Netflix (NASDAQ:NFLX) worth $38, 346,501.

Corporate Raider Carl Icahn has put Netflix in play with his nearly 10% stake in the company. Netflix implemented a “poison pill plan” against Mr. Icahn.

"There is a very good argument that, at the right premium, somebody should buy Netflix." -- Carl Icahn

We will watch, with some interest, how Eddie Lampert, Carl Icahn and Netflix CEO Reed Hastings battle it out.

Thursday, November 15, 2012

Monday, November 12, 2012

Warren Buffett Continues to Snow the World

What Warren Buffett values the most? 
[VERY easy answer] 

Snow, the internet, BS, Bill Gates, Becky Quick, Dairy Queen, CNBC, .....

"The amount of time that it's freed up for other things is just incredible. I would gladly pay half my net worth just to have that kind of information available to me. They haven't figured out how to charge me what it's worth. That's one of the problems they've got." - Warren Buffett, on the internet