Warren Buffett Quotes

Warren Buffett is almost as famous for his quotes and one-liners as for his investing - see this selection of Warren Buffett Quotes on Life

Friday, 9 July 2010

Warren Buffett's Favorite Indicator

Warren Buffett CNBC Video

This interview with Becky Quick from CNBC dates back to September 2009 (a mere blip as far as Warren Buffet is concerned) in it he says his favorite indicator if he could only see one indicator is freight car loadings as published by te America Railcar Association - the most recent figures are pretty good and you can see the July 8 figures here - freight car loadings

I a more recent statment Warren Buffett has said he doesn't think Tony Hayward should be CEO of BP, well I think 90% of the planet has come to that conclusion. To see 3 live videos of the oil spewing out in the gulf have a look here if you must - oil spill live video feed. Would Warren Buffett buy BP stocks ? I'm reminded of one of the more famous Warren Buffett quotes "I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will." which to me means it is unlikely that Warren Buffett would invest in BP.

Elsewhere, Meyer Shields, an analyst with Stifel Nicolaus yesterday advised investors to sell shares in Berkshire Hathaway, due to the weakening U.S. economy which may hurt demand for Berkshire Hathaway's businesses that rely on the consumer. Meyer Shields said that the fall consumer confidence, rising oil prices and Berkshire's derivatives contracts will probably slow consumer spending.

In Q1 of this year, Berkshire's manufacturing and retail businesses improved markedly and contributed $477 million to the company's net income of $3.6 billion.

If you are an investor in Berkshire Hathaway it is highly likely that you are a long-term investor anyway so advice from analysts to buy or sell will probably be given short shrift.

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