Archive for the ‘Broker Notes’ Category

Buffet’s Seven Quotes

By Derek On February 27, 2012 No Comments

From: Derek Hillen
Sent: Monday, February 27, 2012 11:18 AM

“Sing a country song in reverse and you will quickly recover your car, house and wife.”               Warren Buffet

Over the weekend Warren Buffet released his much anticipated “Letter to Shareholders,” which I have read. This is an annual event for the millions of Buffet watchers. Comfortably written from the “the cradle of capitalism,” as he calls Omaha, Nebraska, I gleaned the following seven takeaways and interesting quotes from the Oracle, including how sex will solve the housing crisis…

1) His successor has been revealed to the board – but not to shareholders. Probably no company other than Apple is so closely identified with one man than Berkshire Hathaway is with 81 year old Buffet. All he says on the subject of succession is that it will be

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Small Was the Debt I Thought

By Derek On February 13, 2012 No Comments

From: Derek Hillen
Sent: Monday, February 13, 2012 10:54 AM

“Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best—
God! but the interest!” –
Paul Laurence Dunbar

While the Greeks gave us the word “democracy,” which means “popular government,” the current government of Papademos, after passing massive austerity measures on the crippled Mediterranean economy today, can probably safely drop the first word. The Greeks also gave us the words “chaos” and “anarchy,” which is what is happening on the streets of Athens right now. Even George Soros, who has been busily buying Italian sovereign debt, believes Greece is doomed. In a CNN interview today he said the Greek austerity package is “not necessarily going to work in the long run, but it will certainly buy you another six months of quiet..” The average “Greek in the street”

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Land of Hope and Gloria

By Derek On February 6, 2012 No Comments

“I believe we are on an irreversible trend toward more freedom and democracy – but that could change.”  – Dan Quayle

The weathervane of macro data releases is beginning to point firmly in one direction. The US non-farm payroll number we saw on Friday was huge and tells us the risk of a double dip scenario in the world’s largest economy is no longer worth worrying about. The 243,000 net jobs added is over 70% higher than consensus estimates of 140,000. Hiring was strong across the board from services to manufacturing. What’s more, is once you look inside the numbers you see this isn’t just people giving up looking for work and going back to the couch or jumping off high bridges: the labor force actually expanded. Average hourly earnings are also up and have risen 1.9% over the past 12 months which helps

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