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The esteemed Ned Davis research letter might give The Insiders Fund an unexpected push toward the finish. As readers of our blog should know we’ve been pretty keen on the undervalued airline sector.  We especially like Delta here with its recent pullback in price.  We also own American Airlines and United Airlines.  We know we are in good company with Warren Buffett, Delta’s largest shareholder. I keep thinking he is going to buy Delta as one final hurrah.  That’s what an Investor Business Daily article said back in April. With the recent pullback, it might be more likely. The analyst, … Read more

The two most important charts in the world right now

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Spanish Government 10 yr. Bond   Italian Government 10 yr. Bond Watch these two yields on Bloomberg. If they blow out, you can expect stocks to come down, the dollar to rise, oil goes down, and financial contagion spreads.  It’s as simple as that.  Why Spain and Italy matter so much to the world is just another example of how global financial systems are too complexly intertwined Soros and Buffet are both right; credit default swaps should be banned.  That would be one easy step for governments to do to begin to surgically repair the circulation back to the banking … Read more

Warren Buffett calls Tea Party Insane

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Charlie Rose – Warren Buffett.   As always Buffett is illuminating and comforting.  He is the nation’s economic compass and a person we can consider a  genuine national treasure if there ever was one.   In this great interview with Charlie Rose he likens the budget debate as a game of chicken with two cars lined up heading  toward one another.  Both parties think the other will turn away before mutual self destruction except suddenly one party throw the steering wheel out the window.  Suddenly the other driver realizes he is dealing with an insane person, aka the Tea Party.

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Read this comment from Warren Buffett about the S&P downgrade.  There is no question in his mind that the U.S. debts are money good because the U.S can print money.  He goes on to say that inflation is an entirely different matter.  People that understand Buffett’s thinking, know that he believes stocks are the ultimate protection from the ravages of inflation on purchasing power.  You can be sure that Buffett will be buying, selectively of course, if the market plunges on Monday.   Buffett would rate U.S. ‘quadruple-A’ Published: Aug. 6, 2011 at 9:20 AM Warren Buffett, Chairman & CEO … Read more

19 Famous Quotes From Great Investors That You Can Still Rely On Today

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By Kirk Du Plessis I love reading trading books and learning from some of the great investors and traders. My personal preference is to learn from the “Old Guys” like Livermore, Buffett, Lynch and Graham. These guys laid the foundation for modern investing. They didn’t trade on technicals and always offer great insight. Here are 19 great quotes. Add your favorite quote via the Facebook Comments! “The first rule is not to lose. The second rule is not to forget the first rule.” “If past history was all there was to the game, the richest people would be librarians.” “Risk … Read more

Weekend Reading Links

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The weekend is always a great time to catch up on some of the week’s reading you missed… Markets have gotten conditioned to central bankers flooding the market with money every time something goes wrong. [The Psy-Fi Blog] A profile of Jonathan Ive the “design genius” behind the rise of Apple. [I Heart Wall Street] Market bubbles and investor psychology.  [Vanguard Group] Buffett’s worst investment ever (and its not what you think) and7 other unusual things I learned about Warren Buffett. [The Altucher Confidential] Why are some cities happier than others?  [The Atlantic] Sirius is Clearning up its balance sheet. [Sirius Buzz] The frequency … Read more