Bloomberg is reporting that more than 2,000 companies around the world have cash balances exceeding their market capitalization. That’s more than eight times as many cash rich companies as when the last bear market bottomed in 2002. With these companies, a $1 share is worth more than $1, just in…
Year: 2008
Why I’m buying cheap equities, not expensive government debt.
I have just finished the The Snowball, the first biography Warren Buffett has cooperated with. It’s full of surprises, such as how Buffett had three leading ladies for two decades, and how his 1960s home was an accidental outpost of the counterculture. But I’m more interested in how Buffett made…
Fable II is a video game, in which you play a hero and business mogul. In this post I’ll explain what it can teach you about making money. Lesson 1: Jobs mean money, but gosh they can be dull You begin Fable II as an orphan with a dog. Slaying…
