May

Warren Buffett Quotes And Documentary By BBC

May 16, 2010 | Category: Business and Marketing | Leave a Comment

Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world, his Berkshire Hathaway Inc is probably the only ‘fund’ that outperforms the S&P index. Watch this BBC documentary – The World’s Greatest Money Maker: Evan Davis meets Warren Buffett – 1 of 6

Warren Buffett lives modestly in his native Omaha, in America’s mid-West, and runs his 150 billion dollar business with a staff of just twenty. Evan Davis meets him to find out about his unique investment strategy and his eccentric lifestyle. He talks to Buffett’s family, friends and colleagues about the man they call the Sage of Omaha, and Buffett’s friend Bill Gates praises his philosophy of life. Quotes from Warren Buffett:

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that. “I’m paying $32 billion today for the Coca Cola Company because…” If you can’t answer that question, you shouldn’t buy it. If you can answer that question, and you do it a few times, you’ll make a lot of money.
If you don’t feel comfortable owning something for 10 years, then don’t own it for 10 minutes.
We get smarter in many ways, we don’t get smarter emotionally.

Mortgage Rate Resets 2011

April 25, 2010 | Category: Business and Marketing | Leave a Comment

I am not an economic expert, not even close, but this report by Credit Suisse published on 2007 is not to be taken lightly.

Mortgage Rate Resets 2011

Most mortgages aren’t subprime. To be sure, a disaster in 14% of the market is a huge problem in and of itself. But this graph from Credit Suisse is the most sobering thing I’ve seen in a while. Mortgage_rate_resets It shows that most of the interest rate resets ahead aren’t subprime, but are instead Alt-A and option-ARMs. Alt-A is the category of loans made to consumers with FICO scores just above the subprime threshold. Option ARMs give borrowers several payment options, including making a minimum payment that does not even cover the interest that accrued in the last month. This means it’s pretty easy for an option ARM to end up underwater, even in a market where prices are holding steady. If real estate prices are dropping, it is even more likely that an option ARM will end up upside down, which makes refinancing near impossible. The bulk of the Alt-A and option-ARM resets are coming in 2010-2011. A lot of things could change before then. But we might just be seeing the tip of the iceberg in the housing market. Source: Adam Levitin

Mortgage Rate Resets 2011

As shown in the graph above, a $1600 monthly home loan installment will snowballed into $4900 per month when the mortgage rate resets in 2011 – 2012.

Earthquake is not what brings the building down, it is the aftershocks! Whatever it is, there will be a new world order. China?

God Create Universe And All Living Beings, Who Created God?

April 6, 2010 | Category: Religion | Leave a Comment

It is a chicken and egg problem. If God created humans, who created God? If God existed without a creator, why can all living beings exist without a creator – just like God himself?

The way I see it, we humans create God in our own image, not the other way around.

God The Creator

Warren Buffett Quotes And Documentary By BBC

Mortgage Rate Resets 2011

God Create Universe And All Living Beings, Who Created God?

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