Warren Buffet Watch
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My Thots.....
1st taboo on Utilities/Infrastructure stocks with high Capex broken; with BNSF buy.
2nd taboo, on Tech stocks broken with IBM buy.
Showing posts with label Value Investing. Show all posts
Showing posts with label Value Investing. Show all posts
Wednesday, November 16, 2011
Monday, October 3, 2011
Warren Buffett watch
http://www.pbs.org/nbr/site/onair/gharib/warren_buffett_visits_wall_street_110930/
On the US economy
The economy is doing pretty well. We own 70-plus businesses. We own about five that are associated with home construction. They`re flat on their backs and they`re just like they`ve been for three years now, four years, almost. And so there`s been no bounce there. Everything else is moving forward. We have businesses that serve heavy industry. They`re moving forward. We have consumer business. We have three jewelry chains. We have four furniture operations. Their sales are improving.
On Europe
They`re very concerning. They have got a tough hand to play but the world will go on. Europe will be a bigger, better market five years now and 10 years from now than it is now, just like the U.S. will.
On the US economy
The economy is doing pretty well. We own 70-plus businesses. We own about five that are associated with home construction. They`re flat on their backs and they`re just like they`ve been for three years now, four years, almost. And so there`s been no bounce there. Everything else is moving forward. We have businesses that serve heavy industry. They`re moving forward. We have consumer business. We have three jewelry chains. We have four furniture operations. Their sales are improving.
On Europe
They`re very concerning. They have got a tough hand to play but the world will go on. Europe will be a bigger, better market five years now and 10 years from now than it is now, just like the U.S. will.
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