What's next?
"Buy American. I Am."
On Friday 17, Warren E. Buffet, a legendary investor, made an interesting contribution under a column in N.Y Times. To read the whole article, press here.
Buffet's tips:
-Be fearful when others are greedy, and be greedy when others are fearful.
-Bad news is an investor's best friend. It let's you buy a slice of America's
future at a marked-down price.
-Equities will almost certainly outperform cash over the next decade.
-Today my money and my mouth both say equities.
At almost the same time, debated whether consumer staples should be our next bet, John Dorfman (Dorfman Value Fund) and Marc Pado (Cantor Fitzgerald) stated on CNBC's panel their own advices to investors. In the same channel Pado stated that if you hung in this long continue to hung on and stay invested.
Pado's sector favorites:
-Consumer staples
-Defensive names: Healthcare, Food, Tobacco, Alcohol
Dorfman's sector favorites:
-Pharmaceuticals
-Energy
-Metals
-Select financial&defense
Except from that, I would like to add sth regarding the recent crisis.............and actually Dr. Marc's Faber words that the object out all of these bailout plans in the western world is that they do not address the fundamental problem. And the fundamental problem is overleverage. This leverage has not been only under the supervision of Federal Reserve and Treasury by it has also been encouraged by them.
With banks making plenty of money putting [mortgage-backed securities] out on the marketplace...FED and other central banks are trying to pull them out without considering the troubled toxic assets that keep standing out there! ...and finally the question is: Who is going to pay the bill?
Pado's sector favorites:
-Consumer staples
-Defensive names: Healthcare, Food, Tobacco, Alcohol
Dorfman's sector favorites:
-Pharmaceuticals
-Energy
-Metals
-Select financial&defense
Except from that, I would like to add sth regarding the recent crisis.............and actually Dr. Marc's Faber words that the object out all of these bailout plans in the western world is that they do not address the fundamental problem. And the fundamental problem is overleverage. This leverage has not been only under the supervision of Federal Reserve and Treasury by it has also been encouraged by them.
With banks making plenty of money putting [mortgage-backed securities] out on the marketplace...FED and other central banks are trying to pull them out without considering the troubled toxic assets that keep standing out there! ...and finally the question is: Who is going to pay the bill?
For more, press here.
Until the next time...
/A
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