PERSONAL FINANCE

Making Money In This Market

Warren Buffett is betting on a turnaround. Should you?

By Linda Stern | Newsweek Web Exclusive
Oct 3, 2008

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  • Posted By: alexblack @ 10/05/2008 4:13:11 AM

    lBuffett isn't "investing in stocks" He's taking an $8 billion gamble that Paulson will buy up Goldman Sachs and GE worthless mortgage-backed securities with taxpayer money for far more than they are worth, making Buffett a little richer at our expense. A good gamble - good for Buffett, bad for the texpayers. He even said that he would have never made these deals unless he fully expect Paulson to bail him out.. Yes, a true patriot.....

  • Posted By: Nins @ 10/04/2008 11:06:57 PM



    Let's not forget that Warren Buffet, who's doing so much to bolster America's economy, is planning to vote for Barack Obama. Buffet says that Obama's economic plan is good for all Americans. He's also said that McCain's economic policies would further bankrupt our country.

    If you vote for McCain, you're voting for more of the same pandering to corporations that ship jobs overseas and wreak havoc on the economy.

    Vote for a strong economy that's regulated by fair principals. Vote for Obama.

  • Posted By: budlab @ 10/04/2008 7:36:16 PM

    You may enjoy "The Four Filters Invention of Warren Buffett and Charlie Munger." It explains and honors the intellectual partnership of two brilliant men. The genius of Buffett and Munger's four filters innovation was to "capture all the important stakeholders" in one "multi-variable" four step process.
    http://www.amazon.com/dp/0615241298

  • Posted By: elo8 @ 10/04/2008 6:10:37 PM

    Dr. Tantillo, who has <a href="http://blog.marketingdoctor.tv">a marketing blog </a>, did a post a few days ago on Buffett (in a winner/loser post that contrasted him with WaMu).

    Dr. Tantillo blogs from a branding perspective, and posits that any company must stay true to its brand's 'core features' to succeed--and that Buffett has done just that, in his personal as well as his professional life (i.e., still lives in a modest home in NE).

    "A successful brand 'discovers' and refines its core features until they hum and are reflected perfectly in its actions and marketing."

    Here's a link to <a href="http://blog.marketingdoctor.tv/2008/09/26/brand-advisory-buffett-and-wamu.aspx">the full post </a>

  • Posted By: GregHere @ 10/04/2008 4:45:24 PM

    ..................................The American Economy needs stability and Maverick McCain is too flaky and irratic to give our economy any stability or confidence for the future. McCain is making impetuous moves that scare people who watch what he has been doing.

  • Posted By: cani77 @ 10/03/2008 9:42:29 PM

    The Bush Depression


    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide the largest morgage bank in the world,Bear Stearns, Lehman Brothers and Merrill Lynch which are 3 out of the top 5 wall street firms. Also, Fanny and Freddy Mae which hold 50 percent of the home loans in the United States.
    The government took them over because they are essentially bankrupt.If they didn't the entire financially system would virtually shut down, the stock market would crash and we would suffer beyond what any of us have seen before.

    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.

    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He either didn't care or didn't realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime.
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a tanking economy and a 11,600,000,000,000 (trillion) dollars deficit.Bush created a national debt larger then the first 42 presidents combined
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why isnt obama 25 points ahead

    The chairman of McCains campaign recently said that people don't vote on issues they vote on a personality composite. Which means he is trying to sell you personality instead of results.

    Let's teach him we are smarter than that .

    31 states are voting now, dont wait
    Elect Obama Biden 2008





    Check out this video of sarah palins interview before you vote



    http://www.youtube.com/watch?v=r36Xc0GG4i

    • Posted By: befair @ 10/04/2008 11:36:16 AM

      Thank you for your informative comment. I agree with almost everything you said. I hope you will send it to your local newspaper and have it published in the letter to the editor section. America must know the truth about the current administration and we need to know how McCain will be the same and even worse.

  • Posted By: mroberts23 @ 10/03/2008 4:42:49 PM

    The average Joe needs to be investing in knowledge. More than ever we need to teach people financial wisdom and how to be responsible with their money. It is known that more people make their money during economy drops rather than it being at it's peek. (look how many people made a huge fortune in the great depression). But the common Joe does not have the knowledge to safely invest. http://www.richhowto.com

  • Posted By: mroberts23 @ 10/03/2008 4:39:02 PM

    It is more important now than ever to invest in knowledge. We need to educate people about finances, and teach people to be responsible with their money. It is known that more money is made when the economy drops than when it is at it's peak. Look at how many people made a fortune during the great depression. Though, this isn't a good time to buy for the common Joe who has low financial IQ. http://www.richhowto.com

  • Posted By: justanothervet @ 10/03/2008 4:36:06 PM

    Buffett buying stock; should you?
    "NO"
    "NO"
    "NO" - Dumb & Dumber (Obama is greedy - and Buffet is greedier - and their is incest down low).
    Take care.

  • Posted By: Nins @ 10/03/2008 4:12:32 PM

    Let's not forget that Warren Buffet, who is doing so much to bolster America's economy right now, is planning to vote for Barack Obama. Mr. Buffet says that Obama's economic plan is good for all Americans and has also said that John McCain's economic policies would further bankrupt our country.

    Vote for a strong economy that is regulated by fair principals. Vote for Obama.

    If you vote for McCain, you are voting for more of the same pandering to corporations that ship jobs overseas, wreak havoc on the economy.

  • Posted By: rmay @ 10/03/2008 4:09:42 PM

    Should we purchase stock - YES. The general economy is sound. THis bill is a psychological solution and will be a kick in the rear for those people and entity who gambled on weak paper, whether a car, house of business loan - which was above the normal limits. If stocks are down, they will go up.

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