warren buffett - What We're Reading - StockBuz2024-03-29T00:25:54Zhttp://stockbuz.ning.com/articles/feed/tag/warren+buffettThrowback Thursday Readshttp://stockbuz.ning.com/articles/throwback-thursday-reads-12014-05-01T16:58:11.000Z2014-05-01T16:58:11.000ZStockBuzhttp://stockbuz.ning.com/members/1t2xbcvddkrir<div><ul>
<li>On this day in <b>1965</b>: In a boardroom on Cove St. in New Bedford, MA, a young, crew-cut Warren Buffett takes control of decrepit textile maker Berkshire Hathaway Inc., whose stock closes that day at $18 a share. Over the next thirty-three years, the stock price rises to $84,000 a share.  <i><span class="footer">Source: Roger Lowenstein, Buffett: The Making of an American Capitalist (Random House, New York, 1995), p. 130. Courtesy of <a href="http://jasonzweig.com" target="_blank">JasonZweig</a></span></i></li>
<li>GS, MS and others <a href="http://www.zerohedge.com/news/2014-05-01/which-we-learn-us-gdp-actually-contracted-first-quarter" target="_blank">revised their GDP #</a> to a <strong>negative</strong> after today's poor construction spending numbers.  A negative GDP print has many wondering if we are, in fact, in a recession.  A recession as defined by the Fed is two consecutive GDP reports. </li>
<li>The weak U.S. recovery has nothing to do with inequality says <a href="http://scottgrannis.blogspot.com/2014/04/taking-measure-of-our-discontent.html" target="_blank">CalifiaBeachPundit</a></li>
<li><a href="http://www.mckinsey.com/insights/business_technology/The_rising_strategic_risks_of_cyberattacks?cid=other-eml-alt-mkq-mck-oth-1405" target="_blank">McKinsey</a> says businesses are still extremely concerned over cyber attacks and aren't anywhere prepared as they should be (yet).  70% of the respondents said that security concerns had delayed the adoption of public cloud computing by a year or more</li>
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