How did Warren Buffett make a billion without even trying? Deal Journal’s Heidi Moore talks with Adam Najberg about the Oracle’s big payoff in just three months from investments in Constellation Energy.
12/18/2008
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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December 20th, 2008 at 11:23 am
Personally I think Buffett is just mostly lucky.
The proscrastinators are out shopping bigtime. This may be better than last year, actually. Can anyone else help put together some more mall traffic cams?
NYC
http://nyctmc.org/Xview_still.asp?cam_id=19&server=RS2&type=still
Allentown, PA (my area now)
http://www.wfmz.com/traffic/cam1-subwindow.html
(exit right is the main mall when camera is 22E) I can guarentee traffic is MUCH BETTER than Black Friday today and it’s shytty out.
I’m looking for the Valley Stream Mall or Roosevelt Field Long Island where I grew up but so far no luck finding any cams to gauge traffic.
December 20th, 2008 at 10:00 pm
Heidi thinks Adam’s going to spend 300K on a lunch? That would be to win a charity auction to go to lunch with him, Heidi. What, they can’t do another take on these?