Money and Finance
- Links
Buffett’s Berkshire Plans $9 Billion Bond Sale to Repay Loan [H/T Linc] (LINK) Strong investor demand allowed the company to tighten yields on the offering. The longest part of the sale was $2.5 billion of 3.125 percent of 10-year bonds offering yielding...
- Links
Warren Buffett on CNBC.... Links to videos: Warren Buffett: When stocks go down it's good news Warren Buffett: Negative effects of low oil Warren Buffett: Expected rails to do better Warren Buffett: Earning power our annual goal Distracted driver...
- The State Of Long-term Expectation
Chapter 12 (“The State of Long-Term Expectation”) of John Maynard Keynes’ The General Theory of Employment, Interest and Money is one that seems good to go back and re-read every now and then. Jeremy Grantham mentioned it in his interview with Charlie...
- Gates Foundation: 2009 Annual Letter From Bill Gates
This is the first annual letter I plan to write about my work at the Gates Foundation. In this letter I want to share in a frank way what our goals are and where progress is being made and where it is not. Soon after Warren Buffett made his incredible...
- A Candidate For The Most Misused Quote Of All Time
"In the long run we are all dead." - John Maynard Keynes-The irony in Keynes' quote is not just that it is so often misinterpreted, but that it is generally misused in a way to defend a point that is the complete opposite of what Keynes was trying...
Money and Finance
John Maynard Keynes: “The Great Slump of 1930”
In Bill Gates' Annual Foundation Letter (see yesterday's post), he mentioned that Warren Buffett sent him the following passage from Keynes' essay:
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This is a nightmare, which will pass away with the morning. For the resources of nature and men’s devices are just as fertile and productive as they were. The rate of our progress towards solving the material problems of life is not less rapid. We are as capable as before of affording for everyone a high standard of life—high, I mean, compared with, say, twenty years ago—and will soon learn to afford a standard higher still. We were not previously deceived. But today we have involved ourselves in a colossal muddle, having blundered in the control of a delicate machine, the working of which we do not understand. The result is that our possibilities of wealth may run to waste for a time—perhaps for a long time.
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- Links
Buffett’s Berkshire Plans $9 Billion Bond Sale to Repay Loan [H/T Linc] (LINK) Strong investor demand allowed the company to tighten yields on the offering. The longest part of the sale was $2.5 billion of 3.125 percent of 10-year bonds offering yielding...
- Links
Warren Buffett on CNBC.... Links to videos: Warren Buffett: When stocks go down it's good news Warren Buffett: Negative effects of low oil Warren Buffett: Expected rails to do better Warren Buffett: Earning power our annual goal Distracted driver...
- The State Of Long-term Expectation
Chapter 12 (“The State of Long-Term Expectation”) of John Maynard Keynes’ The General Theory of Employment, Interest and Money is one that seems good to go back and re-read every now and then. Jeremy Grantham mentioned it in his interview with Charlie...
- Gates Foundation: 2009 Annual Letter From Bill Gates
This is the first annual letter I plan to write about my work at the Gates Foundation. In this letter I want to share in a frank way what our goals are and where progress is being made and where it is not. Soon after Warren Buffett made his incredible...
- A Candidate For The Most Misused Quote Of All Time
"In the long run we are all dead." - John Maynard Keynes-The irony in Keynes' quote is not just that it is so often misinterpreted, but that it is generally misused in a way to defend a point that is the complete opposite of what Keynes was trying...