Our takeaways from the Berkshire Hathaway annual meeting which was held on Saturday, May 6th. What did the two wise men, Warren Buffet and Charlie Munger tell us? “You only have to do a few things right in your life so long as you don’t do too many wrong.” Warren Buffett I’ve been critical of …
Bygone Relics
“You got pigeon shit in your eyes? You’re pathetic, you know that. You’re a disgrace to your profession.” Well, the funny part of that exchange in the 1984 basketball movie Hoosiers was that Coach Dale played by Gene Hackman was trying to get kicked out of that game. He even told the ref as much. …
This week’s Bygone Relics show is reminding us about the panic of 1893. Are there similarities to the current situation? Let’s find out. I recently had the good fortune to take a vacation which included a couple connecting flights. I booked through one airline and was able to select my seats and I had the …
In this week’s Bygone Relics show, we continue digging into the partnerships between the government and the private enterprises. While doing so, we are also drawing a comparison between Elon Musk and John D. Rockefeller. In our previous post, we discussed the silent partner Tesla and Apple have: the government. You have Tesla growing their …
In this week’s Bygone Relics show, we investigate how government has allowed itself to be a primary partner of many multi-national businesses such as Tesla and Apple. Does this allow the government to choose winners and losers in our version of capitalism? We are going to talk about the unique relationship between business and government. …
We live in the United States of America. We each have to choose a state. Why do we do so? Some people were born there and never left, others move for work, some commit a crime and can’t leave the state. Well, don’t give up, there is still time. My point is that each state …
We are drawing similarities between the Battle of the Alamo and our upcoming troubles: debt and defending the republic. Let’s start with what “the Alamo” is. It is a fortress and lasted almost 300 years. It was designed as a church and not as a defensive position against an enemy army, and it is made …
“A bull market is like sex, it feels best right before it ends.” Warren Buffett After the quarter-point hike from FED this week, it appears that we have come to a crossroad. Are the savers or spenders going to be rewarded? We got a quarter point hike this week, and some rather insightful and sexy …
First let’s remember the basic bond prices and yields, and then let’s look into what’s next for banks and what we can do as individuals. I am unhappy, I have to talk about my least favorite subject in the world: accounting. The very bane of my existence, however so I will try and keep it …
We are discussing the hot news about the bank run of Silicon Valley Bank and also touching upon Silvergate and Credit Suisse. “I do not think you can trust bankers to control themselves. They are like heroin addicts.” Charlie Munger, vice chairman of Berkshire Hathaway First, what we had written originally for our March 5 …