You may have already seen the Warren Buffett interview on Dateline from last Sunday. In it, he gives a sober analysis of what to expect from the new Obama Administration in terms of economic policy. The long and short of it is that we shouldn’t expect a miracle turnaround. The recession will be deep and protracted regardless of how well Barack Obama’s team deals with economic issues.

Below is the video of Buffett. The transcript is linked as a source.

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In a recent post I said that I was selectively scanning for value plays at this level. A reader asked me the legitimate question: “Why would anybody buy anything in this market?” Basically, he was questioning my sanity.
I am entirely sane — my answer to the question is very simple. When you purchase [...]

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Warren Buffett is all over the place these days. He was busy investing at Constellation Energy and Goldman Sachs. Now, he’s investing at GE — $3 billion at that. Judging by his market timing approach, it does seem assets are cheap enough that he’s willing to step in and take a risk.But [...]

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By now, you have probably heard that Warren Buffett has made his bet and invested billions of dollars in Goldman Sachs. The market reacted positively and Goldman is now trading at near $133 a share (up 6% on the day).
While I do see Buffett’s move as a vote of confidence in Goldman, Buffett does [...]

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Warren Buffett is a confident investor who believes in the companies he buys. As a result he said the following at his recent Annual General Meeting:
“If a stock [I own] goes down 50%, I’d look forward to it. In fact, I would offer you a significant sum of money if you could give [...]

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Warren Buffett is in Germany looking for large acquisitions of German companies. He’s been forced to go global as his size and the US’s competitive position has limited his options in the US. I caught a German-language article from Der Spiegel regarding his activities in Germany. While the article wasn’t particularly revealing, [...]