Posted by Jeflin on January 19, 2009
Warren Buffett once remarked that successful investing consists of long periods of inactivity, bordering on sloth. That pretty much describes my attitude towards investing coming into the new year. If we are going to have more of the October massacre, then we should at least seek cover and conserve cash.
The losses from Citigroup and Bank of America were staggering and confirmed that the worst of the financial mess is far from over. Analysing when the good days will arrive seem to be a futile exercise now. In any case, I am less worried about the economic recovery which will definitely happen with so much money being dumped into the system.
Read the full article here.
Posted in Banking, Business, Economy, Stocks | Leave a Comment »
Posted by Jeflin on January 10, 2009
On Thursday, South Korea announced the arrest of a financial blogger accused of undermining the country’s financial markets with his doom-mongering. “Minerva,” as the blogger is known, gained instant fame for uncannily accurate forecasts on the fall of Lehman Brothers and the crash of the Korean won, which plunged 26 per cent against the dollar last year.
Instead of focusing on getting the economy on track, Korea has chosen to crack down on freedom of speech and civil rights. And we will have thought China will be the first to start rounding up bloggers, not just due to its deplorable human rights record, but because its economy is facing the sternest test in decades.
Read the full article here.
Posted in Business, Economy | Tagged: Business, Economy, financial blogger, South Korea, unemployment | Leave a Comment »
Posted by Jeflin on January 1, 2009
I wish all readers of Jeflin’s Investment Blog a Happy New Year in 2009.
The past year has been sobering for taxpayers, retail investors and fund managers, what with severe declines in housing, mortgages, banking, stock markets, commodities, retail, automotive, shipping industry, etc. The extreme volatility in 2008 may be over but more of the same challenges await us.
Personally, I have made a new year’s resolution to be a more careful reader of financial reports, and by that, I mean reading with an inquisitive mind. Of course, if a management wants to get creative with their financial statements and the auditors are in a collusive mood (remember, the person who pays the piper calls the tune), our money is fair game for the predators.
Read the full article here.
Posted in Banking, Business, Economy, Properties, Stocks, bonds, deflation | Tagged: banks, Business, deflation, Economy, gold, Oil, Stocks | Leave a Comment »
