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The Pragmatic Capitalist – The Many Myths of Warren Buffett
Morgan Stanley – Global Economic Forum – Default or Inflate or…
Time to Press China on Its Exchange Rate – Economix Blog – NYTimes.com
FT Alphaville – Neil Hume – Buiter’s back
S&P May Downgrade Greece Within Month on Budget Risks – Bloomberg.com
Obama may compromise on consumer agency to [...]

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The video is pretty all-encompassing and runs just under 30 minutes. Buffett is down on Kraft-Cadbury, raising rates and the bank tax. He is up on Wells Fargo. That sums it up pretty well.
 

 
Quotes
On Wells:
Well, my guess is that the revenue and all of that is more or less like I expected.  I mean, Wells, [...]

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I had a feeling there was an energy component to the Berkshire Hathaway decision to buy Burlington Northern Santa Fe. And now comes the evidence via coal, a major freight on BNSF’s tracks. But, there is a lot more to this acquisition than just hauling coal.
Warren Buffett has been increasing his energy plays in recent [...]

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Warren Buffett’s Berkshire Hathaway has been making some very significant moves of late.  Selling of Moody’s shares is one.  But, the latest is sure to cause a stir amongst Buffett watchers because he is definitely making some “bets” on economic recovery with his purchase of Burlington Northern Santa Fe (BNI). It is unclear as yet [...]

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Warren Buffet speaks with CNBC in the lead up to the Berkshire Hathaway Annual Meeting.  He talks a bit about stress tests and Citigroup.  When asked about Wells Fargo, he says he administers his own stress tests and that Wells passes “with flying colors.”
He also uses an analogy of a commodities producer selling copper for [...]

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Berkshire Hathaway’s Annual Meeting is this coming Saturday 2 May 2009 in Omaha, NE at the Qwest Center (details in pdf here).  Given the financial turmoil and all of the hubaloo around Berkshire’s credit rating, it should be a very interesting affair.
In conjunction with the Annual meeting, Berkshire CEO Warren Buffett’s son Peter is hosting [...]

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I am still away on Holiday in Mexico but have been checking the news and was not surprised to learn about the recent Wells Fargo announcement. I am coming off the fence here and looking for a bullish outcome on financial services.
The bank said profit will be $3bn in the first quarter, thanks to [...]

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Warren Buffett seems to be making the rounds on television media appearances these days. Last week it was CNBC. This week it is Bloomberg. Below is the video from the first parts of his Bloomberg appearance. Well worth a look.

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Warren Buffett answers questions from viewers on CNBC. He talks about his investment philosophy and recent stock picking performance. He bought ConocoPhillips at the top. And he made poor investments in Irish banks. About Wells Fargo, he says “the spreads are enormous.” And he still likes US Bancorp and defends his [...]

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Warren Buffett spoke with CNBC about the U.S. economy and the banking system in an interview televised this morning. His basic message was that the economy cannot function without confidence in the banking system. The FDIC can work its magic with smaller institutions and that is a good thing. However, some [...]