Monday, 2 May 2011

Jim Rogers: The Best Asian Investment Most Americans Haven't Heard Of

Apr 27, 2011

http://www.FinancialSurvivalRadio.com

Investor Jim Rogers tells http://www.FinancialSurvivalRadio.com what he thinks is the best "off-the-radar" investment that most Americans know very little about. He says the Chinese renminbi (RMB) currency could be a shrewd investment in the near future, as the Chinese government loosens its grip on what is currently an undervalued currency. American investors have not been allowed to open RMB accounts until this year (2011).

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

FAKE SILVER 101...and... the SILVER KEISERS ARE HERE!!

There IS fake silver out there, brought to you by China. Buy a scale and be careful! And... the Silver Keisers are here!!

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Warren Buffett admits 'big mistake'

Warren Buffett admits 'big mistake' over David Sokol

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8485664/Warren-Buffett-admits-big-mistake-over-David-Sokol.html

Warren Buffett has admitted he made a "big mistake" in not quizzing former top executive David Sokol about his share purchases in a company he recommended Berkshire Hathaway buy, an episode that has mired the billionaire in his biggest controversy for decades.

By Richard Blackden, Omaha, Nebraska 7:43PM BST 30 Apr 2011

"I obviously made a big mistake by not saying 'when did you buy it'"," Mr Buffett told the more than 30,000 Berkshire shareholders at the company's annual general meeting in Omaha, Nebraska.

A report last week from Berkshire's audit committee accused Mr Sokol of making "misleadingly incomplete" disclosures about $10m of shares he acquired in Lubrizol, a US chemicals maker he suggested in January that Berkshire consider buying.

Mr Sokol, who resigned at the end of March, has said he's done nothing wrong.

The incident, which the Securities and Exchange Commission is reported to be investigating, has prompted criticism of internal controls at Berkshire, Mr Buffett's judgement and intensified anxiety on Wall Street over who will eventually succeed the 80 year old.

Mr Sokol first suggested Lubrizol as a possible acquisition to Mr Buffett on either January 14 or 15 and told him he owned shares in Lubrizol.

Warren Buffett squares up to critics in Omaha
30 Apr 2011
'Buffett should consider action against Sokol'
27 Apr 2011
Warren Buffett statement - in full
31 Mar 2011
What's next for Warren Buffett?
26 Dec 2010
Note to investors: Buffett's a legend... in business and life
04 Mar 2008

"When someone says to me "I own the stock" it doesn't seem to me like he bought it last week," Mr Buffett said at the meeting.

Mr Sokol, who had been with Berkshire since 1999 and was widely seen as a possible successor to Mr Buffett, bought shares in Lubrizol in the middle of December and early January.

Mr Buffett, who has advertised the ethical standards at Berkshire as one of the company's greatest virtues, described Mr Sokol's actions as "inexcusable and inexplicable."

"I don't think there's any question about the inexcusable part. Dave violated the code of ethics, Dave violated our insider trading rules," he said in response to questions from shareholders.

Mr Sokol has a net worth in the "very high numbers", Mr Buffett said, adding that the former executive had given up the chance for a further $12.5m in compensation when Berkshire were first working out his compensation package when he joined the company.

Barry Levine, Mr Sokol's lawyer, said that "I know him (Mr Sokol) to be a man of uncommon rectitude and probity. He would not, and did not, trade improperly, nor did he violate any fair reading of the Berkshire Hathaway policies."

In a question and answer session in which there were several about Mr Sokol, Mr Buffett said that any assumption that Mr Sokol had been the frontrunner to succeed him was questionable.

At the time of Mr Sokol's resignation, Mr Buffett said that he had persuaded him twice not to resign in the last few years.

The billionaire said that there is now a leading candidate to succeed him and "I would lay a lot of money that I think he is as straight as an arrow."

Obama mocks Donald Trump

Obama mocks Donald Trump and conspiracy theorists at journalists dinner

Sunday 01 May 2011

http://www.telegraph.co.uk/culture/culturevideo/8486561/Obama-mocks-Donald-Trump-and-conspiracy-theorists-at-journalists-dinner.html

The president took direct aim at real estate mogul and possible presidential candidate Donald Trump who recently revived the controversy.

Obama greeted his audience as "my fellow Americans" and offered to show what he called his "birth video" in case of "any lingering questions" about where he was born.

He proceeded to present a clip from Disney's animated movie "The Lion King" showing a baby lion cub in Africa, drawing cheers and applause from the audience.

With Donald Trump and other potential 2012 presidential election rivals in the gathering of celebrities, politicians and journalists, the presidentsuggested that the hardest decisions Trump makes are firing people on his reality television show "Celebrity Apprentice".

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