Gulfstream

Entry Posted March 5, 2007

http://www.berkshirehathaway.com/letters/2006.html Warren Buffet’s entertaining 2006 Chairman’s Letter. Chattily discusses the future of the newspaper business (not good), his search for a successor (the main problem is finding someone who’ll stick around), CEO compensation (he’s somewhat puzzled that as a board member of other companies, he always gets outvoted when he tries to limit executive compensation, even though in the 42-year history of Berkshire Hathaway, not one CEO of his companies has left because they thought they were compensated poorly), the declining fortunes of Blue Chip Stamps (from sales of $170 million in 1970, to $25,920 in revenues last year—“Ever hopeful, Charlie and I soldier on”), his favourite foods (“It’s amazing what Cherry Coke and hamburgers will do for a fellow”), his strategy for beating an 11-year-old girl at ping pong, and finally a few pages of advice and information about the annual meeting, which he describes as “Woodstock for Capitalists.” 22:37

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www.recession-watch.com (recession-watch.com):
… – and improved – the reliability of New Orleans’ levees was before Katrina.” Needless to say, this warning wasn’t heeded, and the dislocations continue to this day. It’s even possible now that the firm has increased its exposure here —after all, in the 2006 letter, Mr. Buffett wrote that “derivatives, just like stocks and bonds, are sometimes wildly mispriced,” noting that the firm had positions in 62 contracts. It’s unclear whether he’d want to bother. …

MarketBeat (blogs.wsj.com):
… – and improved – the reliability of New Orleans’ levees was before Katrina.” Needless to say, this warning wasn’t heeded, and the dislocations continue to this day. It’s even possible now that the firm has increased its exposure here —after all, in the 2006 letter, Mr. Buffett wrote that “derivatives, just like stocks and bonds, are sometimes wildly mispriced,” noting that the firm had positions in 62 contracts. It’s unclear whether he’d want to bother. …

投資を楽しむ♪ (stojkovic.blog20.fc2.com):
… 45 387.9 3,880 104.24 2005.3 355.35 65 420.35 3,990 107.13 2006.3 421.8 90 511.8 6,430 117.76 2007.3 512.1 120 632.1 7,550 117.8 そしてついでに、バフェットからの手紙2006 …

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