Jump to content

Search the Community

Showing results for tags 'warren buffett'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • English
  • Need Graters looking for accommodation in Rural African Homes's Topics
  • Vancouver, WA's Cerveza Craft y Community!
  • Virtuality's Topics
  • Jewelry's Topics
  • AI's Topics
  • Missing Persons's Topics
  • Jehovah’s Witnesses's Topics
  • Jehovah’s Witnesses's Weekly Study Materials
  • Testigos de Jehová's Tema
  • Star Trek's Topics
  • Cadillac's Topics
  • Kitsap County, WA's Topics
  • Washington State's Topics
  • Cannabinoids's Topics
  • The English Language's Topics
  • Science and Faith's Topics
  • Peak Oil's Topics
  • Cryptocurrency and Blockchains's Topics
  • Jennifer Leann Carpenter's Topics
  • Consolidated Edison, Inc. Shareholders Club's Topics
  • Tandem Diabetes Care, Inc Shareholders's Topics
  • U.S. Veterans's Topics
  • Veeva Systems, Inc. Shareholders's Topics
  • Appian Shareholders's Topics
  • Chevrolet Volt's Topics
  • Nederlands's Topics
  • ελληνικά's Topics
  • Μάρτυρες του Ιεχωβά's Topics
  • Tieng Viet's Topics
  • русский's Topics
  • Свидетели Иеговы's Topics
  • Polski's Topics
  • Świadkowie Jehowy's Topics
  • Mga Saksi ni Jehova's Topics
  • Testemunhas de Jeová's Topics
  • Portugués's Topics
  • Testimoni di Geova's Topics
  • Zeugen Jehovas's Topics
  • Deutsches Forum's Topics
  • Gesundheit und Medizin's Topics
  • Témoins de Jehovah's Topics
  • Nouvelles du Monde's Topics
  • Noticias Mundiales's Topics
  • Salud y Medicina's Topics
  • Arte y Cultura's Topics
  • Estilo y Moda's Topics
  • Ciencia's Topics
  • Tecnología's Topics
  • Alimentos y Bebidas's Topics
  • Conversación General's Temas
  • Catolicismo's Topics
  • La Santa Biblia's Reina-Valera
  • Arqueología Bíblica's Topics
  • Catholicism's Topics
  • LDS's Topics
  • Judaism's Topics
  • Islam's Topics
  • Biblical Archaeology's Topics
  • Buddhism's Topics
  • Hinduism's Topics
  • Atheists's Topics
  • Scientology's Topics
  • The Holy Bible's Topics
  • The Holy Bible's King James Version (1611)
  • Eastern Orthodoxy's Topics
  • Eastern Orthodoxy's Russian Orthodox
  • Eastern Orthodoxy's Greek Orthodox
  • Christians's Topics
  • Christians's Anglican Church
  • Christians's Seventh-Day Adventist
  • Christians's Baptist Church
  • Christians's Methodist Church
  • Korea 세계 포럼's Topics / 주제
  • Style & Fashion's Topics
  • The Faceberg's Topics
  • Amazon.com's Topics
  • Alphabet Inc.'s Topics
  • The Band Journey and Steve Perry's Topics
  • Airbnb's Topics
  • Luis Miguel's Topics
  • Tesla Motors's Topics
  • Climate Change's Topics
  • Doomsday Preppers's Topics
  • Architectural Intrigue's Topics
  • Health & Medicine's Topics
  • Automotive's Topics
  • Food & Drink's Topics
  • Arts & Culture's Topics
  • Creation of Jehovah God Truly Created in Wisdom!'s Topics
  • Creation of Jehovah God Truly Created in Wisdom!'s Topics
  • Real Estate's Topics
  • Real Estate's Listings
  • Aviation's Topics
  • I Grew Up in the 70's & 80's's Topics
  • Football's Topics
  • Space's Topics
  • Starbucks Coffee Club's Topics
  • Apple's Topics
  • Royalty's Topics
  • Nike's Topics
  • The Wonderful World of Disney's Topics
  • Portland, Oregon Metro Region (PDX)'s Topics
  • Nepal's Topics
  • China's Topics
  • Coca-Cola's Topics
  • India's Topics
  • Mexico's Topics

Categories

  • Files
  • Need Graters looking for accommodation in Rural African Homes's Files
  • Virtuality's Files
  • Jewelry's Files
  • Support's Files
  • Missing Persons's Files
  • Jehovah’s Witnesses's Files
  • Testigos de Jehová's Archivos
  • Science and Faith's Files
  • Chevrolet Volt's Files
  • Nederlands's Files
  • Mga Saksi ni Jehova's Files
  • Testemunhas de Jeová's Files
  • Zeugen Jehovas's Files
  • The Holy Bible's Files
  • The Faceberg's Files
  • JW Sisters's Files

Categories

  • Records
  • Food and Drink
  • Health and Medicine
  • Religion
  • Español

Blogs

There are no results to display.

There are no results to display.

Calendars

  • Community Calendar
  • Need Graters looking for accommodation in Rural African Homes's Events
  • Vancouver, WA's Event Calendar
  • Vancouver, WA's Events
  • Virtuality's Events
  • Jewelry's Events
  • AI's Events
  • Missing Persons's Events
  • Jehovah’s Witnesses's Events
  • Testigos de Jehová's Calendario
  • Star Trek's Events
  • Cadillac's Events
  • Kitsap County, WA's Events
  • Washington State's Events
  • Cannabinoids's Events
  • The English Language's Events
  • Science and Faith's Events
  • Tandem Diabetes Care, Inc Shareholders's Events
  • Veeva Systems, Inc. Shareholders's Events
  • Appian Shareholders's Events
  • Chevrolet Volt's Events
  • Nederlands's Events
  • ελληνικά's Events
  • Μάρτυρες του Ιεχωβά's Events
  • Μάρτυρες του Ιεχωβά's Events
  • Tieng Viet's Events
  • русский's Events
  • Свидетели Иеговы's Events
  • Polski's Events
  • Świadkowie Jehowy's Events
  • Mga Saksi ni Jehova's Events
  • Testemunhas de Jeová's Events
  • Portugués's Events
  • Testimoni di Geova's Events
  • Zeugen Jehovas's Events
  • Deutsches Forum's Events
  • Gesundheit und Medizin's Events
  • Témoins de Jehovah's Events
  • Noticias Mundiales's Events
  • Salud y Medicina's Events
  • Arte y Cultura's Events
  • Estilo y Moda's Events
  • Ciencia's Events
  • Tecnología's Events
  • Alimentos y Bebidas's Events
  • Conversación General's Eventos
  • Catolicismo's Events
  • Arqueología Bíblica's Events
  • Catholicism's Events
  • LDS's Events
  • Judaism's Events
  • Islam's Events
  • Biblical Archaeology's Events
  • Buddhism's Events
  • Hinduism's Events
  • The Holy Bible's Events
  • Eastern Orthodoxy's Events
  • Christians's Events
  • The Faceberg's Events
  • Amazon.com's Events
  • Alphabet Inc.'s Events
  • The Band Journey and Steve Perry's Events
  • Airbnb's Events
  • Luis Miguel's Events
  • Tesla Motors's Events
  • Climate Change's Events
  • Doomsday Preppers's Events
  • Architectural Intrigue's Events
  • Health & Medicine's Events
  • Automotive's Events
  • Food & Drink's Events
  • Arts & Culture's Events
  • Real Estate's Events
  • Aviation's Events
  • I Grew Up in the 70's & 80's's Events
  • Football's Events
  • Space's Events
  • Starbucks Coffee Club's Events
  • Apple's Events
  • Royalty's Events
  • Nike's Events
  • The Wonderful World of Disney's Events
  • Portland, Oregon Metro Region (PDX)'s Events
  • Nepal's Events
  • China's Events
  • Coca-Cola's Events
  • India's Events
  • Mexico's Events

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


About Me

Found 7 results

  1. Authored by Michael Snyder via The Economic Collapse blog, The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve. As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system. But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented. During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out companies such as AIG that were on the verge of collapse because the risks that they took were just too great. But now it is happening again, and nobody is really talking very much about it. In a desperate search for higher profits, all of the “too big to fail” banks are gambling like crazy, and at some point a lot of these bets are going to go really bad. The following numbers regarding exposure to derivatives contracts come directly from the OCC’s most recent quarterly report (see Table 2), and as you can see the level of recklessness that we are currently witnessing is more than just a little bit alarming… Citigroup Total Assets: $1,792,077,000,000 (slightly less than 1.8 trillion dollars) Total Exposure To Derivatives: $47,092,584,000,000 (more than 47 trillion dollars) JPMorgan Chase Total Assets: $2,490,972,000,000 (just under 2.5 trillion dollars) Total Exposure To Derivatives: $46,992,293,000,000 (nearly 47 trillion dollars) Goldman Sachs Total Assets: $860,185,000,000 (less than a trillion dollars) Total Exposure To Derivatives: $41,227,878,000,000 (more than 41 trillion dollars) Bank Of America Total Assets: $2,189,266,000,000 (a little bit more than 2.1 trillion dollars) Total Exposure To Derivatives: $33,132,582,000,000 (more than 33 trillion dollars) Morgan Stanley Total Assets: $814,949,000,000 (less than a trillion dollars) Total Exposure To Derivatives: $28,569,553,000,000 (more than 28 trillion dollars) Wells Fargo Total Assets: $1,930,115,000,000 (more than 1.9 trillion dollars) Total Exposure To Derivatives: $7,098,952,000,000 (more than 7 trillion dollars) Collectively, the top 25 banks have a total of 222 trillion dollars of exposure to derivatives. If you are new to all of this, you might be wondering what a “derivative” actually is. When you buy a stock you are purchasing an ownership interest in a company, and when you buy a bond you are purchasing the debt of a company. But when you buy a derivative, you are not actually getting anything tangible. Instead, you are simply making a side bet about whether something will or will not happen in the future. These side bets can be extraordinarily complex, but at their core they are basically just wagers. The following is a pretty good definition of derivatives that comes from Investopedia… A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. The derivative itself is a contract between two or more parties based upon the asset or assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. Those that trade derivatives are essentially engaged in a form of legalized gambling, and some of the brightest names in the financial world have been warning about the potentially destructive nature of these financial instruments for a very long time. In a letter that he wrote to shareholders of Berkshire Hathaway in 2003, Warren Buffett actually referred to derivatives as “financial weapons of mass destruction” The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. In my view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. Warren Buffett was right on the money when he made that statement, and of course the derivatives bubble is far larger today than it was back then. In fact, the total notional value of derivatives contracts globally is in excess of 500 trillion dollars. This is a disaster that is just waiting to happen, and investors such as Buffett are quietly positioning themselves to take advantage of the giant crash that is inevitably coming. According to financial expert Jim Rickards, Buffett’s Berkshire Hathaway Inc. is hoarding 86 billion dollars in cash because he is likely anticipating a major stock market downturn… Far from a bullish sign, Buffett’s cash hoard could mean he’s preparing for a market crash. When the crash comes, Buffett can walk through the wreckage with his checkbook open and buy great companies for a fraction of their current value. That’s the real Buffett style, but you won’t hear that from your broker or wealth manager. If Buffett has a huge cash allocation, shouldn’t you? He knows what’s coming. Now you do too. Warren Buffett didn’t become one of the wealthiest men in the entire world by being stupid. He knows that stocks are ridiculously overvalued at this point, and he is poised to make his move after the pendulum swings in the other direction. And he might not have too long to wait. In recent weeks I have been writing about many of the signs that the U.S. economy is slowing down substantially, and today we received even more bad news… Despite high levels of economic confidence expressed by business owners and consumers, one key indicator shows that it has not translated into much action yet. Loan issuance declined in the first quarter from the previous three-month period, the first time that has happened in four years, according to an SNL Financial analysis of bank earnings reports filed for the period. The total of recorded loans and leases fell to $9.297 trillion from $9.305 trillion in the fourth quarter of 2016. This is precisely what we would expect to see if a new economic downturn was beginning. Our economy is very highly dependent on the flow of credit, and when that flow begins to diminish that is a very bad sign. For the moment, financial markets continue to remain completely disconnected from the hard economic data, but as we saw in 2008 the markets can plunge very rapidly once they start catching up with the real economy. Warren Buffett is clearly getting prepared for the crisis that is ahead. Are you?
  2. The McDonald's McGold Card is a food-redemption ticket that provides the owner with free, unlimited McDonald's for life. The existence of the card gained international attention after actor Rob Lowe flashed his on Jimmy Kimmel Live in 2015. Since then, it has been revealed that a range of VIPs and celebrities have their own version of the card - from Bill Gates to Warren Buffett. So how do 'normal' people go about getting one? Here are the details. When Rob Lowe appeared on Jimmy Kimmel Live with a golden McDonald's card last year, one big question remained: How could the Average Joe get his own card that granted him access to unlimited McDonald's? Not easily, a little sleuthing revealed. The first complication: Rob Lowe's Gold Card was not issued by McDonald's corporate office. Instead, it is from the owner of, and can only be used at, McDonald's franchises in Santa Barbara or Goleta, California. While Lowe says he received the Gold Card because his buddy's dad created the McMuffin, McDonald's confirmed to Business Insider that he in fact received the card from David Peterson — the buddy in question, who is now a McDonald's franchisee himself. Herb Peterson, who passed away in 2008, was a legendary force in the fast-food world. He debuted the first Egg McMuffin at the Santa Barbara McDonald's he co-owned with David in 1972. Peterson started his work with McDonald's as the vice president of the company's advertising firm, D'Arcy Advertising, and went on to become a franchisee and operator of six McDonald's locations. Today, David Peterson has carried on his father's legacy with the chain. Earlier this year, the franchises he runs in the Santa Barbara and Goleta areas became some of the first to launch "taste-crafted" sandwiches as part of the McDonald's turnaround plan, reports local news station KEYT. Peterson also wields the power to give out Gold Cards, granting the recipient free McDonald's at the locations he owns and operates. While Lowe is quite likely the most high-profile person to be awarded the card, he is not the first — just the first to brag about it on late-night TV. For example, Larry Crandell was awarded a Gold Card by Peterson on his 90th birthday, reports SantaBarbara.com. While the cards are nearly identical, unlike Lowe's card, Crandell's awarded him free McDonald's for life. Crandell is a bit of a celebrity in Santa Barbara, having reportedly helped raise millions of dollars for the community as a volunteer and expert emcee. In fact, McDonald's franchisees across the country appear to be more than happy to give local heroes free food with their own versions of the "Gold Card."  Warren Buffett told CNBC he had a McDonald's card that allowed him to order unlimited food for free in Omaha. Charles Ramsey, who ditched his half-eaten Big Mac to help rescue three kidnapped women in May 2013, was awarded free McDonald's at all locations for a year and unlimited McDonald's for the rest of his life at local Ohio restaurants. In March, Ottawa Senators goalie Andrew Hammond, nicknamed the Hamburglar, received a card that gave him free McDonald's for life from an Ottawa franchisee who, coincidentally, was also the father of Hammond's former coach. However, there are only two major confirmed stories of people in possession of cards granting them free, unlimited McDonald's anywhere in the country, or even the world. While on the campaign trail in 2012, Mitt Romney told a story of how his father had a "little pink card" that awarded him free McDonald's for life. McDonald's confirmed that founder Ray Kroc had given Romney the card, but did not have any record of the reason for the gift. However, the chain noted that Kroc was known to informally gift these Lifetime "Be Our Guest" cards to various people throughout the years. Â
      Hello guest!
  3. When Warren Buffett offers investing advice, everyone listens. The world’s greatest investor has never been shy about the strategies that have helped him amass a $72 billion net worth and grow his company, Berkshire Hathaway, into a juggernaut valued at over $212 billion. But one thing he doesn’t do is encourage the average individual investor to try to mimic his success. The best advice he can give those investors, Buffett has said, is to do exactly the opposite. We’ve parsed through some of Buffett’s more popular insights on investing to come up with a few that apply to the average worker looking simply to invest for long-term, steady growth. 1. The worst investment you can make over time: cash. We always keep enough cash around so I feel very comfortable and don't worry about sleeping at night. But it's not because I like cash as an investment. Cash is a bad investment over time. But you always want to have enough so that nobody else can determine your future essentially. 2. Invest in a broad-based index fund that tracks the S&P 500. If you are a professional and have confidence, then I would advocate lots of concentration. For everyone else, if it’s not your game, participate in total diversification. The economy will do fine over time. Make sure you don’t buy at the wrong price or the wrong time. That’s what most people should do, buy a cheap index fund, and slowly dollar cost average into it. If you try to be just a little bit smart, spending an hour a week investing, you’re liable to be really dumb. Recommended reading: “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor” by Vanguard founder Jack Bogle. Any investor in funds should read [Bogle’s books]. They have all you need to know. 3. Invest in yourself. “The best investment you can make is in your own abilities. Anything you can do to develop your own abilities or business is likely to be more productive.” 4. If you’re determined to pick stocks, don’t buy into a business you don’t understand. [Individual investors] ought to think about what he or she understands. Let's just say they were going to put their whole family's net worth in a single business. Would that be a business they would consider? Or would they say, "Gee, I don't know enough about that business to go into it?" If so, they should go on to something else.... There are all kinds of businesses that [longtime partner and vice chairman of Berkshire Hathaway Charlie Munger] and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do. 5. Focus on the competition as well. [Buying stock in a company is] buying a piece of a business. If they were going to buy into a local service station or convenience store, what would they think about? They would think about the competition, the competitive position both of the industry and the specific location, the person they have running it and all that. 6. Invest for the long haul. “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for ten minutes” 7. The hardest part about investing: trusting yourself. You need to divorce your mind from the crowd. The herd mentality causes all these IQ's to become paralyzed. I don't think investors are now acting more intelligently, despite the intelligence. Smart doesn't always equal rational. To be a successful investor you must divorce yourself from the fears and greed of the people around you, although it is almost impossible.
  4. Do you want to know how to stay out of debt? In this video, Warren Buffett gives you timeless tips on how you can stay out of debt. ================== Who is Warren Buffett? Warren Edward Buffett (born August 30, 1930) is an American investor, business magnate, and philanthropist. He is considered by some to be one of the most successful investors in the world, and as of February 2017 is the second wealthiest person in the United States with a total net worth of $76.9 billion.Born in Omaha, Buffet developed an interest in investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring and graduating from University of Nebraska–Lincoln. After graduating at 19, Buffet enrolled at Columbia Business School of Columbia University, learning and eventually creating his investment philosophy around a concept pioneered by Benjamin Graham–value investing. He attended New York Institute of Finance to specialize his economics background and soon after began various business partnerships, including one with Graham. After meeting Charlie Munger, Buffet created the Buffett Partnership. His firm would eventually acquire a textile manufacturing firm called Berkshire Hathaway and assume its name to create a diversified holding company.Buffet has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and his business exploits have had him referred to as the "Wizard", "Oracle" or "Sage" of Omaha by global media outlets. He is noted for his adherence to value investing and for his personal frugality despite his immense wealth.
  5. Albert Einstein once said: Warren Buffett understood it. It's how he built his fortune. He produced consistently great returns for a long period of time while spending very little. He made his money work for him. As you can see, his average return over 50 years is 21.6%. If you add in expenses and taxes, that return falls just a bit. But, because Buffett is very frugal, he's kept that number high - about 20%. Compounded, that's a 1.20^50 -1 = 909940% return. So, if Buffett started off with $1,000,000.00 in 1965, he would have $91B in 2015. However, if you add in his donations and personal taxes, that number falls to his current net worth of $66.7B.

×
×
  • Create New...

Important Information

Terms of Service Confirmation Terms of Use Privacy Policy Guidelines We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.