I just read an article by George Soros which was published in the Financial Times. Inside this article, George Soros talks about how the current crisis is the culmination of a credit expansion super-boom that has taken place over the past 60 years.
Archive for January, 2008
This week, Warren Buffett paid close to $74 million for about a million shares in Burlington Northern Santa Fe. This pushes Berkshire’s stakes to nearly 18 percent.
The buying of Burlington shares has been picking up speed of late. Last week, another 750,000 shares were bought. There was a purchase made almost every day of that week.
In a filing made earlier, Berkshire says it paid $11.05 million for a total of 141,400 shares bought at $78.18 each on Monday. On Tuesday, they brought 807,400 shares at $77.69 each, for a total price of $62.73 million.
Some of you might be interested in this event. Besides the Singapore event, it will also be held in Malaysia, Vietnam and India.
Asia Trader & Investor Convention (ATIC @Singapore 2008).
Date : 1 – 2 March 2008
Time : 9am to 6pm
Venue : Suntec Singapore, Hall 401
There will be many speakers two of which include Daryl Guppy and Ray Barros.
Berkshire Hathaway Assurance, Warren Buffett’s newly setup bond insurance firm, has insured bonds for the first time on Tuesday.
It was reported by Reuters that Goldman Sachs bought insurance for their $10 million worth of bonds from New York City.