New York Times

Thursday, 25th February 2010

Buy American. I Am.

Written by George Traganidas Topics: Articles, Stock Investing

New York Times
By WARREN E. BUFFETT
Published: October 16, 2008

The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So … I’ve been buying American stocks. This is my personal account I’m talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities.[…]

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Wednesday, 24th February 2010

The Greenback Effect

Written by George Traganidas Topics: Articles, Stock Investing

New York Times
By WARREN E. BUFFETT
Published: August 18, 2009

In nature, every action has consequences, a phenomenon called the butterfly effect. These consequences, moreover, are not necessarily proportional. For example, doubling the carbon dioxide we belch into the atmosphere may far more than double the subsequent problems for society. Realizing this, the world properly worries about greenhouse emissions.

The butterfly effect reaches into the financial world as well. Here, the United States is spewing a potentially damaging substance into our economy — greenback emissions.[…]

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