Prince Dykes 2017 Berkshire Hathaway Documentary

May 21,2017
the staff of the Ridgewood blog

Omaha, Nebraska , our friend Prince Dykes of the Investors Show wanted to share a recap of his first experience at a Berkshire Hathaway Annual Meeting . Hopefully you enjoy the footage as much as we did.

Check out Prince's interview with Bill Gates and a fun chat with a couple from New Jersey.

Prince can be found regularly on the "The Investor Show" channel on Youtube were he interviews investors and entrepreneurs

Warren Buffett to host fundraiser for Obama in Chicago

Warren Buffett to host fundraiser for Obama in Chicago

Billionaire U.S. investor Warren Buffett will help raise money for President Barack Obama's re-election effort at a $35,800-a-ticket fundraiser next month in Chicago, an Obama campaign official said on Wednesday.

Buffett will attend the Oct. 27 event at a private home on Chicago's North Shore that is expected to include major donors to Obama's 2008 presidential run. The Democratic president, who is not expected to attend, is running for re-election in 2012.

http://www.chicagotribune.com/business/breaking/chi-warrent-buffett-to-host-fundraiser-for-obama-in-chicago-20110921,0,2294.story

Buffett : Taxpayer anger against President Barack Obama and Congress is counterproductive

Buffett : Taxpayer anger against President Barack Obama and Congress is counterproductive

Buffett to taxpayers: Get over your anger

Taxpayer anger against President Barack Obama and Congress is counterproductive because policy makers took measures including deficit spending to stimulate the economy, billionaire investor Warren Buffett told CNBC.

http://www.omaha.com/article/20100924/MONEY/709249917

“Sentiment has turned very sour in the last three or four or five months,” the chairman and CEO of Omaha-based Berkshire Hathaway Inc. said in an interview broadcast Thursday.

“I hope we get over it pretty soon, because it’s not productive,’’ Buffett said. “We will come back regardless of how people feel about Washington, but it is not helpful to have people as unhappy as they are about what’s going on in Washington.”

More than three-quarters of U.S. investors view Obama as anti-business and are pessimistic about his policies, a Bloomberg survey this month indicated.

The U.S. unemployment rate is 9.6 percent, even after an $814 billion stimulus measure enacted last year and other government actions.

The Federal Reserve has kept the benchmark overnight lending rate target close to zero and said this week that it was prepared to ease policy further.

“The truth is we’re running a federal deficit that’s 9 percent of gross domestic product,” Buffett said. “That’s stimulative as all get out. It’s more stimulative than any policy we’ve followed since World War II.”

http://www.omaha.com/article/20100924/MONEY/709249917

Buffett's comments are more about Buffett than the down home investor friendly myth would have you believe

So Buffett loses his AAA credit rating and continues to rationalize his use of derivatives that he has over the years so often decried. This blogger often wonders when the public will catch on to the real “Buffett agenda” and recognize that Buffetts comments are often driven by business interests and not the investor friendly aura he would have you believe. Let’s face it even a man as brilliant as he is still runs an insurance company and seems often compelled regardless of his claims to push for regulatory ,governmental and tax policies that lead to more insurance business above all else. No harm in that but I am not sure I buy the folksy investor friendly Buffet of the media hype, he seems more an astute investor and business manager operating like the rest of us for the preservation of his self interest.

He is back!

June 24,2005

Hello,
The Recent sell off looks less about oil prices than and more about the Supreme Court attempting to usurp your property rights. Remember property rights are fundamental to the establishment of all other rights. The greater a society goes about protecting private property rights the more successful and prosperous a society is. News of the Supremes decision to allow government to size your property sent the market reeling. Check the time line on the ticker if you don’t believe me; as soon as the court ruling came out the market tanked and besides oil stocks did not have a particularly good day at all. Since the court left it up to local authorities many states have already passed resolutions forcing the adherence to the strictest definition of property condemnation. Thus we seem back on track with our summer rally by the following Tuesday.

It has been said that there is a sucker born every minute, well I am not sure it is every minute but it certainly at lest once or twice a year. Once again with the help of the mainstream media Warren Buffet the Oracle of Omaha, the Sage of long term value investing is promoting his latest dallies into the stock market. In the past these messages have signaled the tops of markets rather than a buying opportunity. If you don’t believe me ask anyone who bought silver when, the oracle was purported to be buying it. Remember he like everyone else is in the business to make money, not give you free investment advice.

I continue to believe that the higher oil prices have slightly depressed economic activity .Unless they go to some extreme new highs the tremendous productivity growth of the last 4 years more than offsets the “inflationary pressures” and increased direct real costs to consumers. Higher oil prices have indirectly kept interest rates low which is significantly more positive than higher oil prices are a negative in to day’s economy. In the long run higher oil prices may force even greater efficiencies increasing productivity even more. What is too high of an oil price? I am not sure but I am certain it is significantly higher than the current price, my bet somewhere higher than the $90 a barrel seen in 1980.

James