Quote of the Week #55

"I always knew I was going to be rich. I don't think I ever doubted it for a minute."
-Warren Buffett

found on brainyquote.com

the new, new - Richest person in the World is....

My man....Warren Buffett.










According to this Bloomberg.com article, Mr. Buffett has reclaimed his #1 spot on the richest person in the world list.

Carlos Slim and Bill Gates - his buddy (the 2nd and 3rd richest humans respectively) lost some grand apparently with the recent bear market.

Buffett still knows how to 'pick 'em' though and that's helping him still make money while the market seems to be falling apart.

Way to go Mr. Buffet - I wish I would've bought some B-shares when I had a chance.

Warren Buffett to the rescue!

So the Oracle from Omaha has struck again:


Blue chips rally on Buffett

"NEW YORK (CNNMoney.com) -- Blue chips rallied Tuesday as investors welcomed news that Warren Buffett has reached out to ailing bond insurers and major lenders have announced a plan that they say will help homeowners avoid foreclosure.

...Buffett reaches out to bond insurers. Berkshire Hathaway chairman and CEO Warren Buffett has offered to insure about $800 billion in tax-exempt bonds, according to reports Tuesday. The offer was made to the three big bond insurers, MBIA (MBI), Ambac Financial (ABK) and FGIC."

Apparently the markets took Mr. Buffett's offer for bonds as a good sign. If only the rally can go on until at least Valentine's Day - the economy might not look so bearish.

Quote of the Week #25

"Investors... should try to be fearful when others are greedy and greedy when others are fearful."

- Warren Buffett
found on Askmen.com

Quote of the Week #19

"Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years."

-Warren Buffett
from woopidoo.com