Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Buffett buys stocks, Bush calls for ideas - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Oct 20, 2008

    Buffett buys stocks, Bush calls for ideas

    China slows on global worries
    China is starting to slow down or so it seems. The country's GDP grew by 9% YoY in the July-September quarter, the slowest pace in five years. Bloomberg mentions that this underscores concerns that the spreading financial crisis threatens the economy that has been the biggest contributor to global growth over the past few years. China's growth in the second quarter (April-June) and first half (January-June) stood at 10.1% and 10.4% respectively.

    Economists now expect Chinese policymakers to cut interest rates to stimulate the economy, especially by way of investment in infrastructure. China has in fact already cut rates twice in this year. Considering that China remains the world's biggest consumer of metals and food grains, its growth is very critical for boosting the world economic growth, especially that of its Southeast Asian peers who have grown strongly over the past few years by exporting their produce to China.

    In the meanwhile, the country's stock markets are currently trading weak, down over 1%. Other Asian markets are trading mixed with gains being seen in Hong Kong (up 3%) and Japan (up 0.5%). Crude oil is currently trading under US$ 72 a barrel. Gold is down to US$ 797 an ounce.

    Buffett's buying stocks, Bush's calling for ideas
    Warren Buffett, in an article he wrote for The New York Times last week, has indicated that he is buying American stocks in his personal account. He says, "If prices keep looking attractive, my non-Berkshire net worth will soon be 100% in United States equities." Of course, he has issue the usual warning that he is not sure where stocks are headed in the short term.

    Another American who is turning heads these days - President George Bush - has indicated that he plans to organise a global conference for discussing the current financial crisis, where leaders from both developed and developing countries would be included. As reported on Bloomberg, the conference agenda will include ideas on how to prevent future crises in a way that preserves the free-market system. Mr. Bush talks about ideas for preserving the foundations of 'democratic capitalism'!

    How ironical can that get? The man under whose aegis the US central banking regulators saw and perpetrated the ongoing financial crisis in the first place now wants to know from the world where he went wrong! And this is coming when his presidential term is about to end in a few months.



    Equitymaster requests your view! Post a comment on "Buffett buys stocks, Bush calls for ideas". Click here!


    More Views on News

    How to Ride Alongside India's Best Fund Managers (The 5 Minute Wrapup)

    Jun 10, 2017

    Forty Indian investing gurus, as worthy of imitation as the legendary Peter Lynch, can help you get rich in the stock market.

    You've Heard of Timeless Books... Ever Heard of Timeless Stocks? (The 5 Minute Wrapup)

    Aug 19, 2017

    Ever heard of Lindy Effect? Find out how you can use it to pick timeless stocks.

    Why NOW Is the WORST Time for Index Investing (The 5 Minute Wrapup)

    Aug 18, 2017

    Buying the index now will hardly help make money in stocks even in ten years.

    Trump Takes a Beating (Vivek Kaul's Diary)

    Aug 18, 2017

    Donald J Trump, a wrasslin' fan, took a 'Holy Sh*t!' blow on Tuesday.

    How To Read Your Mutual Fund Account Statement Correctly (Outside View)

    Aug 17, 2017

    PersonalFN simplifies the mutual fund account statement for you.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms


    Aug 18, 2017 (Close)