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Rachel Maddow gives an Interesting report the financial disclosure report of Judge Martin Feldman who ruled against the Obama administration's moratorium on offshore drilling. Unbelievable what outrageous conflicts of interests we see in our judicial system!
Very interesting article on the state of education in the U.S. once again. And it's regarding government funding and cronyism. After reading this article in the New York Post, I don't think anyone would want to put the money into education stocks like APOL, ESI or DV.
Read more!
Business professor Stephan Meier Columbia University found that borrowers with poor math skills were three times more likely than others to go into foreclosure. Not surprising but it's kinda interesting to remind us folks to know the basics in life + a bit of common sense.
New York Times article
Hope this letter will calm the market. Pass it along.
"THE financial world is a mess...So ... I’ve been buying American stocks.
Why?
A simple rule - Be fearful when others are greedy, and be greedy when others are fearful.
But fears regarding...the nation’s many sound companies make no sense. But most major companies will be setting new profit records 5, 10 and 20 years from now.
Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now... So if you wait for the robins, spring will be over.
Today people who hold cash equivalents feel comfortable. They shouldn’t...Equities will almost certainly outperform cash...by a substantial degree.
Those investors who cling now to cash are betting they can...move away from it later. In waiting for the comfort of good news, they are ignoring Wayne Gretzky’s advice: “I skate to where the puck is going to be, not to where it has been.”
Warren Buffett Oct 16 2008 Source: