Americans Absorb Payroll-Tax Rise to Keep Spending: Economy – Bloomberg 03-11-13

Salient to Investors: Brian Jones at Societe Generale said many things are going the right way – more people working means more people spending, which to some extent neutralizes higher taxes. Dean Maki at Barclays expects GDP will rise at a 2 percent annual average pace in half2 from a 1.5 percent rate in half1

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What Billionaires Say And Do About The Stock Market Rally – Bloomberg 03-08-13

Salient to Investors: Larry Trefz  writes: The rally will continue until sentiment turns for the worse, then expect a correction of over 10%. Warren Buffett sees says stocks are good value and cheaper than other forms of investment, while the dumbest investment is long-term government bonds. Stan Druckenmiller sees a

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Buffett Deputies Leaving Billionaire in the Dust Get Funds – Bloomberg 03-04-13

Salient to Investors: Luke Sims at Eagle Capital Growth Fund said Warren Buffett is trying to build up his stock pickers Combs and Weschler to show he hired the right money managers to succeed him. Buffett book author Jeff Matthews said the 2012 performance by Combs and Weschler was extraordinary but wants to see

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Berkshire’s Too-Big-to-Mess-With Bid for Heinz – Bloomberg 02-26-13

Salient to Investors: Alice Schroeder writes: By many accounts, Warren Buffett has pulled off another brilliant feat in spotting an opportunity in food stocks, yet he never made a significant investment when Heinz lagged the S&P 500 from December 2008 to January 2013, and since January 1997. Heinz’s stock was fairly priced before the

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Wall Street Junk Kings Selling Debt Poised to Lose Value – Bloomberg 02-26-13

Salient to Investors: Wall Street firms are once again selling debt that may be poised to lose value. Wall Street is selling junk bonds at a record pace after they returned 19 percent in 2012, but says it’s obvious that prices will drop when interest rates rise. The amount of

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