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Thursday 14 November 2013
Buffett gets a boost with DISH
DISH Network Corp (NASDAQ:DISH). The stock rose +4.91 to $49.77 after presenting a great Q3 performance. Billionaire Julian Robertson holds purchased 443,000 shares (2.39% of his fund), acquired for $39.38 each last quarter. Another important investor with a position in DISH is Warren Buffett, who holds 547,000 shares, also acquired during last quarter for $39.38. The position represents 0.03% in Buffett’s portfolio.
Soros Loses on Rackspace and THM
The stock with a major gain today is InterOil Corporation (NYSE:IOC). The energy company surged +21.44% ($81.42) after reporting solid Q3 earnings. Billionaire John Paulson holds 1.7 million IOC shares, representing 0.85% of his fund. The shareholder paid an average price of $66.64 per asset.
The second company with a great performance today is Western Refining, Inc. (NYSE:WNR). The petroleum firm is up +9.76% and now trading at $36.33 after an upgrade to a “buy” rating by Goldman Sachs. Last quarter, George Soros bought 310,000 shares (0.09% of his portfolio) for $30.87 each.
Sources: http://www.valuewalk.com/2013/11/buffett-wins-dish-soros-loses-rackspace-thm/
Marc Faber : World dangerously awash in credit
If we take total credit as a percentage of the economies of the most advanced economies then total credit as a percent of the economies is now thirty percent higher than in 2007 when the last crisis occurred and say in China credit as a percent of the economy has been growing over the last four and half years by fifty percent , this is unprecedented it is a gigantic credit bubble
Source: http://www.bnn.ca/News/2013/11/13/More-global-credit-now-then-before-the-financial-crisis-Faber.aspx
Jim Rogers: Change is Coming, so know to think against the crowd, the crowd is nearly always wrong
-“…no matter what we all know today, it’s not going to be true in 10 or 15 years…”
-“Eventually the markets will just say, ‘We’re not going to play this game anymore’, and we’ll have a serious collapse.”
-“We’ve got to stop this, this is going to be bad."
-“Eventually they will try to cut [QE], it will finally cause the collapse, at that point we will have a big change, because they will throw them out, whether it’s the politicians or the central bankers or whoever.”
-“I’ve owned gold for many years, I’ve never sold any gold and I can’t imagine I ever will sell gold in my life because it is somewhat of an insurance policy.”
-“Everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something.”
Source : http://www.birchgold.com/jim-rogers-interview-qe-currency-gold-inflation/
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