I spent a few hours this morning reading Warren Buffett’s new 2008 letter to shareholders. Maybe I should be worried the direction my life is taking, but Buffett’s annual letter has become a highlight of the year for me. It’s hard to write about investing in an engaging way (as…
Browsing: Commentary
Posts where world affairs and my piggy bank collide
My bet that HSBC (and Standard Chartered) were weathering the crisis better than other UK banks has taken another knock, with the FT revealing today HSBC’s plans to raise £12 billion to shore up its finances. The bad news has long been expected, and the is price down 45% since…
I was going to post this yesterday, but creator Jonathan Jarvis’ website was down, presumably under the load of thousands of Wall Street bankers (or their secretaries) desperately clicking to learn where they went so wrong: .
A quick thought on this week’s money news Another action-packed week, with fears about banks continuing, manufacturers slashing jobs as if cutting grass, and house repossessions in the UK soaring. No wonder stock markets fell. The UK FTSE 100 dropped 3.32% to close at 3,889, flirting again with the last…
