Warren Buffett

Chinese Warren Buffett: Berkshire Hatha-Wei Ponzi Frozen

This is by far my favorite of all the ridiculous Ponzi’s (oh, so many to choose from!) From WSJ: A federal judge agreed to freeze the assets of a man accused of running a multimillion-dollar Ponzi scheme targeting Chinese-Americans, primarily near Dallas.  The Securities and Exchange Commission charged Weizhen Tang, who describes himself as the…

Forbes 400 List: Out of Date, But Still Interesting

The just-published 27th annual Forbes 400 list, a ranking of the wealthiest people in the world, does not disappoint. Buffett, Gates, Carlos Slim, the Ikea guy, Page and Brin, Ellison, Bloomberg, the Koch’s…all your faves are here again this year although the order of the top 25 has seen quite a bit of jostling and adjustment. One minor…

Jamie Dimon is a Dreamboat

I’m a happily married man, but Jamie Dimon’s Chamber of Commerce speech today set my heart aflutter and was EXACTLY what the market and the media needed to hear after the last few weeks. A lot of the mud that’s been hurled at Wall Street lately has been completely warranted but at a certain point, its…

TMI, Warren Buffett, TMI.

Are you kidding me with this guy?  Get off the TV already!  Enough! Is it me or has Warren Buffett made more television appearances lately than Ryan Seacrest?  Today was a full court press with Warren on CNBC more than Erin Burnett.  They asked him like 90 questions, he even sat there while they dissected…

AIG's $60 Billion Loss, Buffett's Mea Culpa

Death is Pretty Final I’m Collecting Vinyl I’m Gonna DJ at the End of the World! – R.E.M. And the Deflation Olympics marches on with a more vicious news cycle this morning than usual. First up, the best-run insurance company on earth, AIG, announces yet another staggering loss for the fourth quarter, this time in…

Interview With the Ghost of JP Morgan

  Last night,  I was working late in my office in the Helmsley Building, blocks away from the old JP Morgan Library on Madison Ave.  A stiff wind blew through the window and before I knew it, I was face to face with the Ghost of J. Pierpont Morgan! Below is our conversation: The Reformed…

Hot Links: Berkshire, UBS and the Microsoft Store

Hot Links for Weekend Reading Warren Buffett has had a tough year so far and an especially tough week.  The Bespoke Investment Group shows us the ugly year-to-date evidence.  Berkshire Hathaway common stock was demolished during a week that saw many of Buffett’s largest stock holdings plummet, for example Wells Fargo and US Bancorp.  On…