Markets closed in observance of MLK Day. This is apparently only the second time that the Presidential inauguration has coincided with MLK Day (which became a holiday in 1983), the other time being Bill Clinton’s second term inauguration. Apparently Obama’s second inauguration technically occurred privately on Sunday 1/20/2013, though the public ceremony did take place on MLK day the following day.
"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."
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Asked if the markets were overvalued [in 1993], Buffett said , "I've never been a good judge of the markets. I try to evaluate spec...
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“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
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At the end of the 1988 Berkshire Hathaway annual meeting Buffett said, “You shouldn’t own common stocks if a 50% decrease in their value in ...
Edward Quince’s Wisdom Bites: OPV Page 419
“The best business is where no one else competes, where you buy for one cent and sell for a dollar and it's habit-forming and no one e...
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