Tuesday, April 19, 2011

The Sokol scandal that is not going away



Mason Kirby, a shareholder of Berkshire has just sued Berkshire Hathaway and Warren Buffett, David Sokol among other BRK directors, over the alleged Lubrizol frontrunning by David Sokol.




Kirby v Sokol

Monday, April 18, 2011

S&P Downgrades U.S. Debt - Moody's Still Loves U.S. Debt

Per Moody's: "Moody's Maintain Top US Rating, Outlook Positive."

Berkshire Hathaway owns a small and declining shareholder interest in Moody's.

Sean “Diddy” Combs - on his way to becoming rap’s first billionaire.

Rap mogul and hip hop powerhouse Sean “Diddy” Combs made news earlier this month, when an article forecast that Combs is well on his way to becoming rap’s first billionaire. The financial magazine Forbes recently ranked Combs at the top of the hip hop mountain in terms of net worth at $475 million and growing.


article

Glee Cast- Billionaire Lyrics

Find cheap Glee Live! concert tickets - click here!


Glee Cast- Billionaire Lyrics

I wanna be a billionaire so freakin’ bad.
Buy all of the things I never had.
Uh.
I wanna be on the cover of Forbes magazine,
Smiling next to Oprah and the Queen.

Oh every time I close my eyes,
I see my name in shinin’ lights.
Yeah, a different city every night.
Oh I, I swear, the world better prepare for when I’m a billionaire.

Yeah, I would have a show like Oprah.
I would be the host of, everyday Christmas.
Give Artie a wish list.
I’d probably pull an Angelina and Brad Pitt,
And adopt a bunch of babies that ain’t never had shit.

Give away a few Mercedes like “here lady, have this”,
And last but not least grant somebody their last wish.
It’s been a couple months since I’ve single so,
You can call me Travie Claus minus the Ho Ho.
Haa, get it?

I’d probably visit where Katrina hit,
And damn sure do a lot more than FEMA did.
Yeah, can’t forget about me stupid,
Everywhere I go Imma have my own theme music.

Oh, every time I close my eyes,
(what chu see, what chu see bro?)
I see my name in shiny lights.
(uh huh).
Ahh, yeah yeah.
(what else?)
A different city every night.
Oh I, I swear, the world better prepare..
(for what?)
For when I’m a billionaire.
(yeah!)
Oh oooh oh oooh,
When I’m a Billionaire.
Oh oooh oh oooh.
(let’s go)

I’ll be playing basketball with the President,
Dunking on his delegates.
Then I’ll compliment him on his political etiquette.
Toss a couple million in the air just for the heck of it.
But keep the fives, twentys, tens and bens completely separate.

Yeah, I’ll be in a whole new tax bracket.
We in recession but let me take a crack at it.
I’ll probably take whatevers left and just split it up.
So everybody that I love can have a couple bucks.

And, not a single tummy around me would know what hungry was.
Eating good, sleeping soundly.
I know we all have a similar dream.
Go in your pocket, pull out your wallet, put it in the air and sing…

I wanna be a billionaire so freakin’ bad.
(So bad)
Buy all of the things I never had.
(Buy everything, haa)
Uh.
I wanna be on the cover of Forbes magazine.
Smiling next to Oprah and the Queen.
(What up Oprah? Haaa!)

Oh every time I close my eyes,
(what chu see, what chu see bro?)
I see my name in shinin’ lights.
(uh huh).
Ahh, yeah yeah.
(what else?)
A different city every night.
Oh (yeah yeah yeah)
I – I swear, the world better prepare..
(for what?)
For when I’m a billionaire.
(yeah!)
Oh oooh oh oooh,
(Sing it)
When I’m a Billionaire.
Oh oooh oh oooh.

I wanna be a billionaire
so freakin’ bad.



[Glee Cast- Billionaire Lyrics]


Find cheap Glee Live! concert tickets - click here!

Monday, April 11, 2011

Fraud case against Facebook goes down in defeat

Winklevoss twins fraud case: Is 'Social Network' saga finally over?


The Ninth Circuit Court of Appeals ruled Monday that the brothers cannot back out of a settlement with giant social networking firm Facebook over claims that Chief Executive Mark Zuckerberg stole their idea.

Friday, April 8, 2011

Donald Trump campaigns on NBC



Trump--the billionaire real estate tycoon and reality TV figure who is flirting with a 2012 presidential run--again sought to suggest that Obama was not born in the United States.

Tuesday, April 5, 2011

Warren Buffett has "conned virtually everyone in the press to my knowledge"

Hedge fund manager Michael Steinhardt (MS) appeared on CNBC 4/5/11:


MS: "Here in America's the biggest thing we have to worry about is how long it will take for Buffett to come down to earth where he should have been a long time ago, so people like you begin to realize his reality and get off some cloud."

Q: "What is Buffett’s reality,”

MS: “His reality is that he is the greatest PR person of recent times. And he has managed to achieve a snow job that has conned virtually everyone in the press to my knowledge…and is remarkable that he continues to do it.”

Q: “Really, so outperforming the S&P, I don’t know how many hundred times, over the course of his portfolio…doesn’t matter?”

MS: “Ooo, I’m not sure he’s done that. What he has done, and this is a great measure of the man’s wonder, is that he gave away two and a half cents for the first 70 years of his life- he gave away nothing- and then in one fell swoop gave almost all of his money thoughtlessly, to one guy. And from that moment on became the greatest advocate of philanthropy and pitched all the bumbling billionaires to do the same thing. That takes a special guy having given away nothing and then in one fell swoop ‘boom!’ he gives it all away and pitches the other yo-yos to give it away too. Now what does that say? I think that’s worth reflecting.”

"He has just screwed all those nice old people who saved all their lives to retire and he is paying half of one percent so he could recapitalize the banks... The Journal does not talk about this because those people don't matter...If you listen to Bernanke inflation is low even though you can't help noticing what is really going on. Inflation is so skewed where inflation is commodities is flying and wages inflation is zero so for the average guy in America it is terrible. Not bad but terrible."

Just buy a boat-load of Lubrizol