Op-Ed by W. Buffet in the Nytimes.....

[ChefBeckyD]

My Financial Guru (and very good friend) just sent me this - thought some of you might find it interesting too....

http://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=3&oref=slogin&partner=permalink&exprod=permalink&pagewanted=print&oref=slogin&oref=slogin

 

[Kitchen Diva]

Thanks Becky... I'll finish reading after I get home. The lunch break is almost over.

 

[Grandmarita]

Nice to know what Warren thinks. It disturbs me that his name is bantered around in
the political arena, as if he puts his seal of approval on one of the candidates. From
what this article says, does it give you confidence in Pampered Chef's future, knowing
we are one of his holdings? It would seem so to me. I have the attitude of buying
local as often as possible, which in the wider circle includes our Village, Country, State,
and the good ole USA. I'm always happier when I see a PC product was produced in
the USA. Interesting enough, the quality control seems better in the USA. (My daughter has advanced to being a Quality Control Engineer).

 

[cathyskitchen]

He's talking about buying American stocks and investing in the US stock market, not selling all of your stock holdings now and realizing the value of your shares while the market is down. He's basing his thinking on the past performance of the stock market, which has traditionally gone up over time. However, every financial institution will tell you "past performance is not a guarantee of future performance", which is why he keeps saying "I have no idea what the market will do". No one does. It's a gamble, but he makes a great case for saying that it's a good gamble to bet on the US.

 

[3RingChef]

Hi there! Thank you for sharing this article. It's always great to have a financial guru in your corner, especially during these uncertain times. I found the article to be very interesting and thought-provoking. It's important for all of us, especially as entrepreneurs, to be mindful of our financial decisions and to always have a plan in place. Thank you for the reminder and for being a great friend and support system. Have a great day!