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Berkshire Hathaway Chairman and CEO Warren Buffett paid himself total compensation of $175,000 for 2009, while the company's board received between $2,700 and $7,000 each.
Berkshire Hathaway Inc. Chairman and CEO Warren Buffett paid himself total compensation of $175,000 for 2009, according to a Schedule 14A filed March 11.
Of that, $100,000 was Buffett's base salary, the same he and Vice Chairman Charles Munger have received for more than 25 years.
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Friday, March 19, 2010
Friday, March 12, 2010
Trader Chatter:
Looks like a break in the resistance point or maybe not; if not it's possible to go lower. In this case look for a possible decline to the downside or we may see a reversal causing a swing to the upside.
Then look for a head & shoulders pattern forming or perhaps a candle. This could indicate a move to the downside, but if the wind is blowing north to east we may see an upside move. In the latter case, watch for the flag because this may lean toward the direction we are going or perchance this may cause some kind of uncertainty.
Key Trader Vocabulary to Know: Maybe, perhaps, if, possibly, may see, uncertainty, it might, could, might be, looks like, perchance, it’s possible.
Then look for a head & shoulders pattern forming or perhaps a candle. This could indicate a move to the downside, but if the wind is blowing north to east we may see an upside move. In the latter case, watch for the flag because this may lean toward the direction we are going or perchance this may cause some kind of uncertainty.
Key Trader Vocabulary to Know: Maybe, perhaps, if, possibly, may see, uncertainty, it might, could, might be, looks like, perchance, it’s possible.
Tips for Following Traders Online:
Do not follow individuals that trade like fools. What we see a lot on several of the online portfolio investment community websites is the following:
Let’s take two examples of traders we have observed;
Average trades 148/Month:
An average commission would be $10.00. So: 148 * 10 = $1,480.00. 12 months in a year: 12 * $1,480 = $17,760.00.
Oh sweet god! No, your eyes are not buggy, that is close to Eighteen thousand dollars. Tell me these fools are making a profit?
Here is another trader we have observed:
380 trades/month: (380 * $10) * 12 = $45,600.00. Approx. Forty-six thousand dollars in commissions.
Plus we have not even touched upon the short-term capital gains taxes on these so-called trades.
In a nutshell, this type of BS is totally unrealistic (unless of course you work for an investment bank, which I would assume you do not).
Just for giggles let’s half the commission: (380 * $5) * 12 = $22,800.00
= Ridiculous!
Let’s take two examples of traders we have observed;
Average trades 148/Month:
An average commission would be $10.00. So: 148 * 10 = $1,480.00. 12 months in a year: 12 * $1,480 = $17,760.00.
Oh sweet god! No, your eyes are not buggy, that is close to Eighteen thousand dollars. Tell me these fools are making a profit?
Here is another trader we have observed:
380 trades/month: (380 * $10) * 12 = $45,600.00. Approx. Forty-six thousand dollars in commissions.
Plus we have not even touched upon the short-term capital gains taxes on these so-called trades.
In a nutshell, this type of BS is totally unrealistic (unless of course you work for an investment bank, which I would assume you do not).
Just for giggles let’s half the commission: (380 * $5) * 12 = $22,800.00
= Ridiculous!
Thursday, March 11, 2010
Stock Picks
Disclaimer: We do not endorse, recommend, swear by, stand-behind, nor do we have our lips glued to the CEO’s derriere. So, please reframe from writing us emails asking if we have some kind of secret information. Merely, these are picks that we found interesting, wanted to share with the masses, and may be worth further research. The decision is yours. Seize the day!
Tips to Live By:
A successful investor must deal in values not price movements; must be immune to pessimism and optimism and ignore stock market forecasting.
Thursday, March 4, 2010
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