Sunday, October 21, 2007
Is Your Brain Costing You Money?
Friday, October 19, 2007
Tom Plate and Jeffrey Cole interview Lee Kuan Yew
Singapore's first prime minister talks about China, the United States, and international politics as well as the future of media in Asian countries like Singapore and around the world.
This is the complete transcript of Minister Mentor (as the founder of modern singapore is now known) Lee Kuan Yew's interview with syndicated columnist Tom Plate of the UCLA Media Center and new-media expert Jeffrey Cole of the USC Annenberg School Center for the Digital Future. It took place on Sept. 27, 2007 in the minister's private office at Istana, Singapore.
Buffett Avoids Bear Stearns, Countrywide Financial
Billionaire Warren Buffett said his Berkshire Hathaway Inc. won't buy a stake in Bear Stearns Cos. and that he ``never came close'' to acquiring shares of mortgage lender Countrywide Financial Corp., which fell 61 percent this year.
Buffett also said Berkshire sold all its stock in PetroChina Co., a company that has been the target of a divestment campaign by human rights groups.
Buffett denied a New York Times report published last month that said he might buy as much as 20 percent of New York-based Bear Stearns, the fifth-largest U.S. securities firm, during an interview on News Corp.'s Fox Business Network.
Thursday, October 18, 2007
Pabrai's Annual Meeting at Chicago Sept 2007
Interview with Warren Buffett
Last year you made your big announcement about giving away all your money. Is that decision sitting well with you or do you ever wake up in the night and think, "What have I done?"
No, I sleep like a baby. It's worked out perfectly for me. It's exactly what I wanted to do in terms of where the money goes, it's the people I want to have making the decisions, it fits well with what I want for Berkshire Hathaway, so I wouldn't change an item in it.
You gave the money to five foundations, the largest amount going to the Bill & Melinda Gates Foundation, but was there ever a Plan B? I heard you muse once that you could afford to hire 10,000 artists to paint your picture every day for the rest of your life. You were joking, of course, but was there ever something else you had in mind?No. I originally thought that my wife would outlive me, she was younger than I was, and women live longer than men and all of that, so I thought that was likely, and in that case she actually would have made the decision. I mean, the money would have gone to what was then called the Buffett Foundation -- now called the Susan Buffett Foundation -- so she would really have been in charge of the disposition. But when she died first, I had to make the decision. She loved giving away money, and she was good at it, and she was wise about people, so I had no worries at all about how she would have carried it out, but instead I had to carry it out, so there was no Plan B once she died first.