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Tuesday, 31 December 2013
George Soros takes stake in debt-laden construction firm FCC
Billionaire financier and philanthropist George Soros has bought a 3-percent stake in heavily indebted Spanish construction firm FCC from the group’s founding family. Last week, Esther Koplowitz, whose father founded the company, sold 3.8 percent of her majority stake for 15 euros a share, amounting to 72 million euros. Soros is the second internationally renowned investor to take a stake in the company in recent months, following Microsoft founder...
Sunday, 29 December 2013
Billionaire George Soros Bought This Texan Oil Stock
You have probably never heard of Midland.
Located in the heart of West Texas, the nearest major city is a four-hour drive away. This town is about as close to the 'middle of nowhere' as it gets. Yet Midland could be sitting on the largest oil discovery in American history.
Thanks to new technologies like horizontal drilling and hydraulic fracturing, millions of barrels of previously unrecoverable oil are now being pulled up from the nearby...
Friday, 27 December 2013
Warren Buffett donates $10m to Rambam Hospital
The contribution was announced by his close friend Eitan Wertheimer at an event to celebrate 75 years since the hospital's establishment.
US billionaire Warren Buffet has donated $10 million to Rambam Hospital in Haifa. The contribution was announced by his close friend Eitan Wertheimer at an event last weekend to celebrate 75 years since the hospital's establishment.
Wertheimer has been a close friend of Buffett since the sale of the family's...
3 Things Shared by Warren Buffett's Best Investments
Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) didn't grow to become a $290 billion company without some help. HavingWarren Buffett at the helm helped a lot.As Chairman of Berkshire, Buffett's made several outstanding investments in industries ranging from financial services to consumer products. And although these investments differed in some ways, they all shared surprising similarities.1. Brands that have pricing powerWarren...
Soros’ ex-wife buys Shelter Island estate
Susan Weber Soros, the ex-wife of George Soros — who’s worth an estimated $20 billion and is currently number 19 on Forbes’ 400 richest Americans list — has just purchased a waterfront estate on Shelter Island, Gimme Shelter has learned.
Weber Soros bought the 4,358 square foot traditional home, on 1.37 acres, for close to its $5.95 million asking price. Built in 2005, the beach manse has five bedrooms and 5½ baths. There is no pool, but there...
Thursday, 26 December 2013
Peter Schiff : Unbelievable Liberal Reaction to my Walmart Video
The reaction from the left to my recent Walmart video does more to expose liberal intolerance and hypocrisy than my video itself. It's actually so bad that no explanation can come close to doing it justice. ...
Peter Schiff: What Bernanke Should Have Left Janet Yellen at His Last Press Conference
A Spoonful of Sugar
By Peter Schiff
The press has framed Ben Bernanke's valedictory press conference last week in heroic terms. It's as if a veteran quarterback engineered a stunning come-from-behind drive in his final game, and graciously bowed out of the game with the ball sitting on the opponent's one-yard line. In reality, Bernanke has merely completed a five-yard pass from his own end zone, and has left Janet Yellen...
Wednesday, 25 December 2013
Jim Rogers: Tapering will be 'disaster'
Influential investor Jim Rogers has warned about the impact of the US central bank's tapering plans, saying they will be an "unmitigated disaster".
His concern is despite US stock markets looking likely to end 2013 on a high and signs of recovery in the eurozone.
Mr Rogers told Sharanjit Leyl: "This is the first time that all the central banks are printing staggering amounts of money at the same time. There's an artificial sea of liquidity......
Bitcoin ~ soon Greed will be replaced by Fear
Peter Schiff: Bitcoin intriguing, but isn't going anywhere Noted gold bull and Fed critic Peter Schiff gives us his unique take on the rising popularity of bitcoin ...
Warren Buffett's Letter to Santa Claus
by Patrick Morris, The Motley Fool
Although I haven't had the chance to ask Warren Buffett what he'd like for Christmas, I image his letter to Santa would look something like this:
Source: recitethis.com
Dear Santa,2013 has been a solid year for Berkshire Hathaway , and I'm thankful for that. We bought Heinz -- they make ketchup, which is red, just like your sleigh -- for a tidy $28 billion in partnership with 3G Capital, and...
Tuesday, 24 December 2013
Abolish The IRS , Let the Economy breath
This simplified tax system would also eliminate more than 90% of the IRS’s more than 100,000 employees who have the power to arbitrarily harass people and small business owners ad infinitum, since most of these agents themselves do not have a full understanding of all the tax laws and regulations. (According to an IRS report entitled “Workforce of Tomorrow Task Force: Final Report August, 2009”, the IRS has 88,203 full-time employees, but this...
Why Warren Buffett Might Buy Campbell Soup
Speculation that Campbell Soup may be Warren Buffett's next acquisition target is swirling around the financial media. Many observers believe that Berkshire Hathaway's joint acquisition of Heinz could lead to the acquisition of other branded food companies -- and there are many reasons why it could be Campbell Soup.
Campbell Soup has the consistency and durability of PepsiCoEveryone knows that PepsiCo is a great business, but few put Campbell...
Warren Buffett Dives Into Wind Power, Comes Up With Siemens Turbines
Why is everybody making such a fuss about the latest Warren Buffett wind power purchase? Okay, so the legendary investor’s MidAmerican Energy Company has just ordered a huge mess of wind turbines from Siemens, but it was all the way back in May that MidAmerican announced a new $1.9 billion investment in Iowa wind farms, adding up to 656 new turbines to the 1,267 it already has churning out renewable energy in that state.What’s really...
Monday, 23 December 2013
Peter Schiff: Despite taper, Fed bond-buying isn't going anywhere
There can be little doubt that the Fed announcement is an epic attempt at rhetorical audacity. The message they hope to convey is that they are tightening monetary policy by loosening it. Based on the early market reactions, the trick has seemed to work.
In my opinion the seemingly positive economic signs of the past few months are simply the statistical signature of the QE itself. There is little evidence to suggest that the trends are...
Tech Stocks Are Soaring Soros
Today’s midday gainers are Red Hat, Inc. (NYSE:RHT), Marketo, Inc. (NASDAQ:MKTO), Magnum Hunter Resources Corporation (NYSE:MHR) and midday losers are TIBCO Software Inc. (NASDAQ:TIBX), InterDigital, Inc. (NASDAQ:IDCC), Rite Aid Corporation (NYSE:RAD).
George Soros soars with tech stocks
On the top of our midday gainer list is Red Hat, Inc. (NYSE:RHT), the tech company increased +17.35% to $57.50 after a great Q3 earnings report. Billionaire...
Saturday, 21 December 2013
Faber : Gold Shares could easily appreciate 30% in 2014
“I think Gold shares are very inexpensive. So a basket of Gold shares I think next year could easily appreciate 30%...
ROGERS: If Indians Start Selling their Gold, Then Who Knows How Low Prices Can Go? (GLD)
Jim Rogers : [1] The anomaly of the 12-year rise, for one thing. [2] India as we have discussed before. Indian politicians are blaming their problems on gold, so [they] have added special taxes, tariffs, controls, and regulations. Pakistan and Bangladesh even totally banned imports of gold at one time.The politicians are now trying to figure out ways to force Indians to sell gold. There are staggering amounts of gold there. The...
Friday, 20 December 2013
Buffett's Big Energy Bets Go Beyond ExxonMobil
The Oracle of Omaha is certainly not guilty of a lack of energy in the remaining days of 2013.
Warren Buffett grabbed his share of recent headlines when he disclosed a $3.45 billion stake in ExxonMobil. And although this story received large amounts of attention from the media, it's only fair to acknowledge Berkshire Hathaway's subsidiary, MidAmerican Energy Holdings, which has also been busy lately.
Green with NV
On...
Faber's Best Shorts for 2014: Facebook, Tesla, Twitter, Netflix, and Veeva Systems
“If you look at the entire market, some stocks are not terribly expensive and some stocks are very expensive. It’s like in year 2000, not every stock was overpriced. At that time, the NASDAQ was grossly overvalued but, say, resource shares and so-called ‘old economy’ companies were relatively inexpensive or absolutely cheap. In the present instance, I think that stocks like Facebook Inc (NASDAQ:FB), Tesla Motors Inc (NASDAQ:TSLA), Twitter Inc...
Jim Rogers : Iran Libya and Syria are on my list of Countries to Invest in
Yes, at one point I did invest in Iran, back in the 1990s and made something like 40 times on my money. I didn't put millions in because there was a limit on how much a person could invest. But this was over 20 years ago. I would like to invest in Iran again, but I don't know the precise details on the sanctions and the current status of Americans being able to invest there. But Iran is certainly on my list. And so are Libya and Syria. I'm not...
Thursday, 19 December 2013
The Peter Schiff Show Tuesday 12/10/2013
Stefan Molyneux is guest hosting today's show. ObamaCare's Next Legal Hurdle. Stephan Kinsella, patent attorney & director of the Center for the Study of Innovative Freedom, on how ObamaCare still fails any reasonable legal test, whether anything constructive may come from the Apple/Samsung battle, and why entrepreneurs needn't worry about their intellectual property ...
George Soros: It’s Time to Make Justice Central to Development
George Soros recently intervened in the post-2015 debates, noting the need for universal access to justice. He identified four target areas issued considered crucial for post-MDG success by the legal empowerment movement:
“1. LEGAL IDENTITY: Being recognized as a person under the law is critical to everyday life. You need it to send your children to school or to receive medical care. State-issued legal identity...
Wednesday, 18 December 2013
Here is How You Buy Stocks Like Warren Buffett
Warren Buffett's single greatest piece of wisdom and advice, at least in this investor's opinion, is this: When buying a stock, imagine you're buying the whole business.
In Buffett's 1988 letter to Berkshire Hathaway shareholders, the Oracle of Omaha listed his six criteria for buying a business. Could great investing really be about following those six steps? Let's put this theory to the test.
Today, I'm going to use Buffett's six...
Faber : Market to drop 20% in 2014
Marc Faber admits that he got stocks wrong in 2013, but now says that a drop of over 20 percent is likely, with CNBC's Jackie DeAngelis and the Futures Now Traders.
...
Tuesday, 17 December 2013
George Soros Donates Funds to Help Heat Schools in Greece
Greek students have had a rough winter in extremely cold classrooms due to the lack of heating resources, resulting from local authorities who are simply unable to cover the unbearable cost of heating oil. The organization Open Society Foundation, founded by the great American investor George Soros, offers donations worth millions of euros in oil so that children can sit in a warm classroom.
Schools in the 2 biggest municipalities of Greece...
The Whole U.S. Economy Is Based On Debt
Our whole economy in the U.S. is based on debt. Its based on borrowing to consume, borrowing to speculate. The government is financing itself based on debt, all these checks they are mailing out are based on debt.The rates need to be practically zero in order for anybody to afford servicing the debt. That is how enormous the debt is and when the FED eventually lets interest rates rise, everything comes crashing back down, much worse than 200...
Monday, 16 December 2013
Marc Faber: Taper will be Very Cosmetic
When they introduced Quantitative Easing one (QE1) in November 2008, my view was that this would be a permanent stasus, in other words that we would go up to QE99 and that they would not abandon the asset purchases. Now there has been talk about tapering for the last 6-8 months, but in my view if they taper, it will be a very cosmetic gesture and on any sign of further economic weakness, or if asset markets decline again like the stock market...
Warren Buffett’s Berkshire Hathaway acquires Hartford UK variable annuity business
Columbia Insurance Company, a Berkshire Hathaway firm, has purchased Hartford Life International Limited (HLIL) in a transaction valued at approximately $285m.
Read more @ warrenbuffettbulle...
Jim Rogers: I prefer silver because silver a cheaper investment
"At the moment I'm getting neither Gold nor Silver. But if I have to take a day I prefer Silver because silver a cheaper investment,"
Read more @ jimrogersbulle...
Sunday, 15 December 2013
They Bravely Chickened Out
Earlier this week Congress tried to show that it is capable of tackling our chronic and dangerous debt problems. Despite the great fanfare I believe they have accomplished almost nothing. Supporters say that the budget truce created by Republican Representative Paul Ryan and Democratic Senator Patty Murray will provide the economy with badly needed certainty. But I think the only surety this feeble and fictitious deal offers is that Washington...
Water shortages a crucial issue in China: Jim Rogers
American investor and author Jim Rogers says water shortage is the biggest problem in China. The country's water resources are limited but reuse of water is still insufficient and groundwater is being overexploited, reports ifeng, the financial news site run by Phoenix New Media in Hong Kong.
War, famine, civil war or recession can be overcome but drought cannot; people cannot build a society or a country without water, the investor said during...
Saturday, 14 December 2013
Soros Soars Thanks To Sarepta Therapeutics and Towerstream Corporation
Today’s midday gainers are Sarepta Therapeutics Inc (NASDAQ:SRPT), Towerstream Corporation (NASDAQ:TWER), Icahn Enterprises LP (NASDAQ:IEP) and daily losers are IAMGOLD Corp (NYSE:IAG), Enphase Energy Inc (NASDAQ:ENPH), Turquoise Hill Resources Ltd (NYSE:TRQ).
Read more @ georgesorosbullet...
Friday, 13 December 2013
BNSF CEO Rose shifts role, renewing Buffett succession talk
NEW YORK, Dec 11 (Reuters) - Berkshire Hathaway Inc's BNSF Railway Co has moved Chief Executive Matthew Rose to an executive chairman role, renewing speculation he might be in line to replace Warren Buffett at Berkshire's helm.
As executive chairman, Rose, 54, will work on organizational planning, market positioning and public policy at BNSF over the next decade, the company said on Wednesday.
Carl Ice, 57, will replace Rose as chief executive...
Can Mutual Funds Invest Like George Soros?
NEW YORK (TheStreet) -- George Soros and other star hedge fund managers famously made fortunes by betting on global trends. Global macro funds can range widely, holding foreign currencies one year and U.S. stocks the next. But the macro strategy is hard to execute, and not many managers have succeeded. Most mutual funds that have tried the macro game have failed and shut their doors. For mutual funds, the strategy is particularly difficult...
Jim Rogers: "US Heading for Disaster. Be Prepared"
"These guys are academics and bureaucrats. I suspect the first time they do come to their senses and start to cut back it will lead to some kind of correction, markets going down everywhere. So they will panic and they will start printing again.
Read more @ jimrogersbulle...
Thursday, 12 December 2013
The “Small” Solution to a Big Tax Problem by Marc Faber
If the government levies taxes on landowners, retailers, corporations, and individuals, it is far from certain that the targeted interest groups will actually pay the tax. Depending on a variety of factors, they may be able to roll over or shift the tax to other people (tenants, consumers, workers, etc.) either partly or entirely. As Alfred Marshall said: “There is scarcely any economic principle which cannot be aptly illustrated by a discussion...
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