Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (89547)	11/1/2008 5:25:17 PM
From: Proud Deplorable	Respond to of 116555

Mish....how easy is it to break into the vaults at the Fed to get some money these days? Answer...Two Turns to the Left ca.youtube.com

To: mishedlo who wrote (89547)	11/1/2008 5:43:01 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

Mish ask Jimmy Rogers what he does with his long term China investments which he promoted so heavily each time he spoke on CNBC

To: mishedlo who wrote (89547)	11/1/2008 7:41:12 PM
From: Sr K	Respond to of 116555

Now, people can see why Buffett sold BRK's PTR in late 2007. "We made one large sale last year. In 2002 and 2003 Berkshire bought 1.3% of PetroChina for $488 million, a price that valued the entire business at about $37 billion. Charlie and I then felt that the company was worth about $100 billion. By 2007, two factors had materially increased its value: the price of oil had climbed significantly, and PetroChina’s management had done a great job in building oil and gas reserves. In the second half of last year, the market value of the company rose to $275 billion, about what we thought it was worth compared to other giant oil companies. So we sold our holdings for $4 billion. A footnote: We paid the IRS tax of $1.2 billion on our PetroChina gain."