America’s Pensions & the “Gigantic Financial Tapeworm”

In the latest annual letter for Berkshire Hathaway, Warren Buffett chose to describe public pension plans as a “gigantic financial tapeworm” and warned of a decade worth of pain. He was certainly right about the first point, but not necessarily about the second point. Alberta Martin (Stewart) died in Montgomery, Alabama from complications of a …

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Warren Buffett & Federal Budget Cuts

Warren Buffett, billionaire investor, isn’t the biggest fan of the automatic federal cuts to the budget that started last Friday. He did say they should not hurt the American economy at all, and that they will certainly help reduce the US deficit. As of now, the US is currently running a deficit of around 6% …

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