U.S. lawmakers meeting in the wee hours Friday reached a compromise on a bill that will redefine U.S. financial markets and firms for decades, all but guaranteeing the White House its second major domestic policy victory this year.—The Wall Street Jo...
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So, how’s Europe really doing?That was the question—sometimes the only question—at a Midwest investor conference this week.And since the troubles in Greece, and in Spain, and in Hungary seem to have triggered the flip from near-euphoria among inv...
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The “Rattner” of our title is Steven Rattner, whose recent Op-Ed piece in the Wall Street Journal was titled “Wall Street Still Doesn’t Get It.”His editorial—timed to promote a new book, naturally—offered a blistering critique of Wall ...
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Keeping in mind Warren Buffett’s dictum to “buy, for a rational price, a piece of a business that you’re reasonably confident will have materially higher earnings 5, 10, 20 years from now, and never sell,” we hereby examine an incorporated enti...
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The Most Helpful Call we here at NotMakingThisUp think you’ll get today is brought to you by, well, we here at NotMakingThisUp, with the assistance of a loyal, sharp-eyed reader named David.And the call is this: read the Wall Street Journal’s
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It is Saturday morning, May 1, 2010, and the Berkshire Hathaway annual meeting has been under way for a little less than an hour—or two hours, if you include the movie that traditionally kicks things off at precisely 8:30 a.m.And already things here ...
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The least publicized article you will read today arrives courtesy of the SEC, which shut down an effort by a Disney communications insider to sell advance information on Disney earnings reports to hedge funds.Here’s how the Wall Street Journal is rep...
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We interrupt the 2010 Pilgrimage to Omaha series to bring you a NotMakingThisUp “Least Helpful Call of the Day.”
The Least Helpful Call you will receive today—and we are fairly certain there has been no less helpful call provided by Wall Street’s Finest this morning—is brought to you by J.P. Morgan Cazenove,...
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The essential question for Warren Buffett—“Would you defend Goldman’s actions if you didn’t have a $5 billion investment in the company?”—has not been asked today.
And it will not be.
That’s the downside of the Berkshire meeting format. Despite the fact that half the questions are asked directly by shareholders...
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“I think the central part of the argument is that Paulson knew more than the bond people….They just made what in retrospect turned out to be a dumb insurance decision.”
So Warren Buffett frames the SEC complaint against Goldman Sachs & Company in the now-infamous ABACUS transaction, and summarizes...
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