posted by admin on May 21
Let’s discuss what a 1,000 point drop in the stock market actually means. This is well over $1-Trillion Dollars lost in market cap. So, when the largest drop and rebound in stock market history occurred on May 6, 2010 due to a so-called computer glitch occurred, well that should stop us to think about what we are doing on Wall Street. This Stock Market hick-up could have been many things – a hacker adding 4-zeros to a Procter and Gamble sell trade, perhaps large off-system block-trading selling to cover using many accounts, or a test of our financial system vulnerability.
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posted by admin on May 21
Charles T. Munger is Vice-Chairman of Berkshire Hathaway, the same company that Warren Buffett is Chairman of. Born in 1920, he is five years older than the more famous Chairman. Although he does not have an undergraduate degree, he does have a degree from Harvard Law School, and was a successful attorney for a number of years before joining up with Buffett many decades ago.
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posted by admin on Apr 20
There are many ways to answer the question “What stocks should I buy?” You can pick from a list of equities, industries or companies. This is a valid way to ensure that you are picking the best possible investments in shares of stocks. However, you will soon realize that you either have a very wide or a very limited range of choices.
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