Warren Buffett Archive
BERKSHIRE WARRANTS FOR 700M SHRS EXERCISE PRICE $7.142857/SHR
Once again, management is quick to sell the shareholders down the river with a fat coupon, low strike, dilutive preferred. This is one of the inherent risks of being a common shareholder under current law. It keeps stocks cheaper than otherwise, which makes them more attractive as takeover candidates, as when you
...Read More
Buffett on deficit reduction
Government Spending
Jul 08, 2011
Warren Buffett on CNBC-another deep thinker “I could end the deficit in five minutes. You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah, yeah, now you’ve got the incentives in the
...Read More