eric | Shared With: Everyone - Sep 19 2006 | Warrenn Buffett, investment, business, finances, personal finance, bankruptcy, celebrity
A very article in the NYT regarding squandered wealth. The quotes from Buffett are, as always, good but they're a bit misleading. He actually did require funding at the beginning of Berkshire Hathaway. He told a group of family and friends to give him their money and that he would invest it on their behalf. While not debt, per se (since he had no real obligation to them), it certainly had the same psychological burden and is more money than most of us will ever require to fund an enterprise in our lives.
Quoted: Questioned in 1991 about the reasons rich people hit the skids, the multibillionaire investor Warren E. Buffett told an audience at Notre Dame that debt and alcohol were ever-present culprits in financial demise. “I’ve seen more people fail because of liquor and leverage — leverage being borrowed money,” he said, according to a transcript of his comments. “You really don’t need leverage in this world much. If you’re smart, you’re going to make a lot of money without borrowing.
Quoted: “I’ve never borrowed a significant amount of money in my life. Never,” he added. “Never will. I’ve got no interest in it. The other reason is I never thought I would be way happier when I had 2X instead of X.”
eric | Shared With: Everyone - Jun 12 2008 | art, architecture, investment
Quoted: California's housing market may be in a slump. But one prominent home recently sold for an unexpectedly high price. Richard Neutra's Kaufmann House, a five-bedroom Modernist masterpiece in Palm Springs, Calif., was sold by Christie's last month for $16.8 m
ShareViewed: 1 Time- eric | Shared With: Everyone - May 12 2008 | housing, investment, prefab
Weehouse makes some very nice looking pre-fab modernist housing.
ShareViewed: 5 Times - eric | Shared With: Everyone - Apr 17 2008 | investment, Warren Buffett
A recent Q&A with Warren Buffett.
Quoted: With Wall Street in chaos, Fortune naturally went to Omaha looking for wisdom. Warren Buffett talks about the economy, the credit crisis, Bear Stearns, and more.
ShareViewed: 3 Times - eric | Shared With: Everyone - Mar 06 2008 | iphone, investment, ipod
As Sung Park would say, "Holy Poop." John Doerr, legendary VC, took the stage to announce $100 million in fund to develop apps on the iPhone platform. That's a big deal. The iPhone will transform the mobile experience in the next 12 months much more than it has since it was introduced.
Quoted: John Doerr took the stage today at Apple's announcement of its iPhone software developer kit and announced a $100 million fund to invest ...
- eric | Shared With: Everyone - Oct 25 2007 | investment, business, startup
The 10 minute pitch.
redotting: vbhaloo
ShareViewed: 12 Times - eric | Shared With: Everyone - Sep 24 2007 | microsoft, google, investment, facebook
Remember a couple years ago when Facebook was turning down offers for 1 billion and we were calling them crazy? Yeah, those were those good old days now. Microsoft is reportedly seeking a partial stake which would value the company somewhere around 10 billion. Yowzah!
ShareViewed: 5 Times - eric | Shared With: Everyone - Aug 20 2007 | EMC, investment, investing
Barron's has the same investment thesis for EMC that I do, namely that you're getting the VMWare shares at a large discount to the IPO (Barron's estimates it at about 40% discount). Tis is why I picked up shares in EMC the day afetr VMWare's IPO last week.
Quoted: NEW YORK, Aug 19 (Reuters) - Shares of EMC Corp. <EMC.N>, the No. 1 maker of corporate data storage gear, could rise 20 percent or more over the next 12 months, according to a report in the Aug. 20 edition of Barron's. EMC, is the
ShareViewed: 1 Time - eric | Shared With: Everyone - May 23 2007 | business, investment, news, HD, Home Depot
Our investment club has owned shares in Home Depot for 5 or 6 years. It is really nice to see Bob Nardelli gone and Frank Blake doing everything he can to improve morale and transparency to his investors. It's also nice that he takes less than 25% of the compensation of his predecssor. Finally, perhaps some governance!
Quoted: The chief for the home improvement chain will try to make up for past mistakes by laying out his vision for the future at its annual meeting Wednesday.
ShareViewed: 3 Times - eric | Shared With: Everyone - May 17 2007 | investment, shopping, technology
Online retail has now been around for 13 -14 years (with Amazon in business since 1995). Growth rates are still high and expected to continue although certain segments are seeing more maturity than others.
Quoted: E-commerce is moving "full steam ahead"and is years away from saturation, with double-digit growth expected for several years, according to an online retail industry report published on Sunday.
ShareViewed: 2 Times - eric | Shared With: Everyone - Apr 25 2007 | investment, research, AMZN, Amazon.com
This is kind of nice. A full transcript of the Amazon.com Q1 2007 Earnings Call. Instead of spending 40 minutes listening, you can read the whole thing in 5 minutes.
Quoted: So we still think of it as a big opportunity, but you are right; our North America is outpacing international. Certainly as part of that, North America is certainly being helped by Amazon Prime. We are seeing what we -- certainly customers are liking what they see there and that is certainly being reflected in our overall growth rate in North America.
ShareViewed: 3 Times
Send Eric a friend request or a personal message instead.