Monday, February 27, 2012

Warren Buffett on Taxes

CNBC 27 Feb 2012 : People have generally thought that people with combined average income of $270 million were probably paying a rate that was equal, says billionaire Warren Buffett, Berkshire Hathaway chairman/CEO. The code has shifted into the favor of the extremely wealthy, he says. ".... that's why the wealthy have seen -- they've seen their net worth, the net worth of the Forbes 400 since 1992 has gone from $300 billion to $1.5 trillion. you know, we have a system that has drifted toward favoring the ultrarich." Warren Buffett explained

Thursday, February 16, 2012

Warren Buffett : Gold Is Useless Asset

Billionaire investor Warren Buffett has dismissed gold as a valueless asset saying that it has no inherent value. In an article for Fortune magazine, Buffett said that gold investors were pinning their hopes on future demand."Bubbles blown large enough inevitably pop," he said. "And then the old proverb is confirmed once again: "What the wise man does in the beginning, the fool does in the end." Warren Buffet says . The famous investor warned that investors in gold would be left with egg on their face when the price eventually crashed.You should continue to ignore gold according to one of the richest men in the world. - via The Telegraph

Saturday, February 11, 2012

Warren Buffett : Bonds Among Most Dangerous of Assets

Feb. 9 Billionaire and chairman of Berkshire Hathaway Inc. Warren Buffett, said that “They are among the most dangerous of assets,” because low interest rates and inflation should dissuade investors from buying bonds and other holdings tied to currencies. Warren Buffett said in an adaptation of his annual letter to shareholders that appeared today on Fortune magazine’s website.

Monday, February 6, 2012

Prince AlWaleed bin Talal : U.S. Should negociate With Iran

"A solution with Iran is not impossible " says Prince AlWaleed bin Talal, Kingdom Holding Company chairman,He explains why the U.S. should engage in talks with Iran.He calls for a nuclear free middle east , that Iran should be allowed to have some nuclear energy but no nuclear bombs .... He also shares his view on China and Europe's economic growth.