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I bought 1 share of BERKSHIRE HATH HLD B (BRK-B) 10 minutes ago July 15, 2009

Posted by deminvest in Berkshire Hathaway, BRK, Defensive Stock, investment, investment strategies, oil stock, stock I own, stocks.
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The most expensive share I ever got: 1 costs $ 2,849.

All you etwhen you buy BRK - B shares

All you get when you buy BRK-B shares

I hate gurus, but I had to invest on Warren Buffet’s BERKSHIRE HATHAWAY this time, because Buffet could exploit the crisys, taking advantage of tax payer’s money like we the people, the small investors, simply  cannot do:

  1. He was able to lend money to troubled financial institutions at very high interest rates
  2. Those high interest investments are safe almost like US Corporate Bonds because US government decided that those financial institutions are “too big to fail”. Of course Buffet had talks with both administrations. He knew he could get huge interest rates and be backed  by taxpayer’s money (more…)

Yea, financial gurus are there to “fool” us: look at The9 (NCTY), a rip off that was “The Best E-Commerce Stock for 2007: The9” according to Mothley fool stock Advisor Will Frankenhoff May 22, 2009

Posted by deminvest in growth stock, nasdaq, Nasdaq stock.
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We the people must beware of financial gurus. We must use our own heads.
GuruMotley fool stock advisorThe Best E-Commerce Stock for 2007: The9″

Then he explained:

”  I like The9 not only because it’s the purest play in the Chinese online gaming sector — deriving more than 98% of revenue from gaming services in the most recent quarter — but also because the company owns the Chinese rights to the world’s most popular online role-playing game: Blizzard Entertainment’s World of Warcraft (WOW). This is a game that is estimated by The New York Times to have generated $1 billion in revenue in 2006 alone, and Chinese gamers certainly seem to have been big contributors to the game’s record-breaking success.”

Two years ago I read those “Big Guru’s words” and posed on a Post on this Blog a simple vital question:

What will happen of this reseller of Vivendi’s software if Vivendi decides not to renew license agreement?

Today I got the answer from the news  to my simple question:

(more…)

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