Warren buffett

Everybody knows that the stock market has plunged. If you have received your quarterly statement for your 401k, 403b, IRA, or other investments, you are more than likely aghast when seeing the losses on paper. I have heard many different arguments with regards to whether this is a historic buying opportunity, or a preview of an even more severe economic downturn. Read More »

By Warren E. Buffett The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary. Read More »

Yes, the biggest influence on my investing philosophy has been Warren Buffett. However shortly before writing our first book, “Buffettology,” I met an amazing person financial counselor, Kitty O’Keefe. Kitty sat down with me and although I did most of my own investing, she basically taught me how to plan for my future. Kitty was also teaching at the UCLA business school and started her presentations with a picture of a 60’-something woman smiling, wearing a McDonalds hat! That really drove the point home -- she went on to explain that women live longer and make less money than men in general. Her influence, as I remark in my introduction in the 1st book, was that she is a diamond in the junk jewelery. I don’t know how many times she has sat me down and taught me in simple terms different but important things about the economics of business. She has given me permission to share the following blog post with our readers. And you will see what I mean, she brings you to a level of understanding that is both easy and functional to protect and grow your earnings for the future.

Thank you Kitty!

How to cope in a scary economy

By VoodooKitty posted on April 6, 2008 on Bizcovering.com

What is going on? The dollar's down, the market is in the tank, we're bailing out brokerages and our houses are worthless.

Who Wouldn't Be Nervous?

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OK, Investing Goddesses! Last post we left you with the cashmere sweater… so here’s what we are really talking about. . .

COMPOUNDING Ladies!

Check out the wonders of compounding. We talked about Warren Buffett still driving his old beat up VW. You may see this as being cheap or Warren lacking interest in acquiring a nice ride. But look at it as how compounding influences your big diva spending habits.

Back in the day you could buy a hot trendy ride for say $20,000, but today that sexy car would be worth little or NADA in ten years! Check this out, Warren B. knows better, he knows you can get a 23% annual compounding rate of return on his investments. This means the $20K if invested today will be worth $158,518 in 10 years. In 20 years it may be worth $1,256,412 and in 30 years it may be worth $9,958,257!!! To Warren, or anyone who’s a true value investor, this is just too much to pay for a car! So think about that when purchasing that cashmere sweater, too. Just take the same equations and keep in mind how many cashmeres you could buy in the future if you only saved that dough today!

Listen Diva’s! Here’s another example to drive this point home. Coca-Cola went public in 1919 at $40 per share. Read More »