Warren Buffet is a man to admire. Not because he has billions, but because he MADE billions, using good sense.

Today, I had to admire his statements to his stockholders, and his SLAM-DUNK, on the government policy of bailouts, and business MIS-MANAGEMENT.

I bow before you sir!

You may get done, what has needed doing for a very long time. Yes, it may take a man of your wisdom and finacial saavy.

And, yes, thank you once again, for tossing several BILLION into saving a monetary system, not worth saving, knowing it was a LOST CAUSE. Yes, you had it to spare, and underneath it all, you KNEW. IT was NOT the crooked system that was worth saving, as we all KNOW (and you did too), but the EVERY DAY JOE, that needed saving. Well, you Tried, and BULLY FOR YOU! We ALL THANK YOU!

And, I admired when you ate crow too. Hey, it is nobody's favorite dish, but I have had a helping of it too, as most of us have. I have made mistakes, by the bushel, by the car-load, by the truck-load, by the ship-load, and maybe bigger. And, you admitted a few. NetJet, is pocket change for you. It is a luxury, you should allow yourself, if it interest you. You EARNED it.

Well, I am only less than half of a percent of Warren Buffet. I admire the man. Maybe I should make some retractions too.

I have been a fan of TNH, because it has been a reliable dividend and market growth company.
As I understand it, it is merging(?) with Yarra. Merging, with getting Yarra stock? NO, that is an aqcuistion. With another little known company.

My faith is NOT high here. It was a slap in the face for no dividend, when they have been sooooo, reliable. There is a problem, and the economic downturn, is a poor description for it.

Either TNH has lost it's edge, or the CEO is a gutless wonder. Maybe BOTH.

So, with LIMITED kinowledge of how to proceed, I am going to offer ALTERNATIVES,

Let the trade go forward. See what happens. Divest 50% off the top.

Reinvest in DO, BP, and CMI. The dividends are some of the best, not in percentages, but in reliabilty. You are likely to get stock price appreciation there too. I also like BHP, on downturns

Do NOT reinvest for short term gains. You may or may not get them. Buy, and hold, just like you did with TNH. It paid then, and these are likely to too.

I have not made my mind up on Yarra yet. I do not have enough info.

Like Warren Buffet said, I make conservative investments, but good ones. I don't count on bailouts. I don't even want GOVERNMENT handouts,,, for the undeserving.

And yes, I want not only the individuals punished, for the crimes against the people, but I want the COMPANIES, to pay a HUGE price,,, to the people they have RAPED.

But, we cannot undo the past. We can only make prudent plans,, for the future.

A good plan for the FUTURE,,, would be to get rid of a few of the past RAPIST though.

Thank you Warren Buffet!

Comments: View Comments |  Monday March 1, 2010