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Who moved my Dollar?

Wednesday, July 30, 2008

I was playing with a dollar bill at the local Starbucks this evening, on my way back from another long day at work. A friend, who was waiting in line to get his coffee, nonchalantly announced, “There was a time when I used to buy a gallon of gas with that piece of paper”. I initially thought that the comment was just a 50-year old reminiscing about good old times and what could’ve been. But then upon returning home, I started thinking about what it takes to resurrect the dollar and how the dollar got here in the very first place.

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The Tale of Fannie and Freddie

Monday, July 28, 2008

A lesson I learnt from the Bear Stearns fallout was that if you get into a stock when it hits rock-bottom, your investment can only go up.

While I was a little late with the Bear Stearns opportunity (when it briefly traded at $2 and change); I see a potential opportunity for me (and like minded investors) to make good on the now notorious: Freddie and Fannie.

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Buffet’s mistakes

Friday, July 25, 2008

I was ruminating about some mistakes I’ve made in my early years of investing (like not buying Hollywood video when it was a penny stock in early 2000 and rose to $26, before it eventually was acquired by Movie Gallery).

I remember reading somewhere “Mistakes are great. I love making ‘em all the time, as long as I make each mistake, only once”. I try to follow this mantra as much as possible, albeit sometimes it takes more than once to figure things out.

Warren Buffett needs no introduction and is an idol for everyone— investor or not.

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