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Showing posts from May, 2007

Warren Buffet - How to afford the full course menu

Second Richest Man in the worldThere was a one hour interview on CNBC with Warren Buffet, the secondrichest man who has donated $31 billion (85% of his fortune) to charity.
Here are some very interesting aspects of his life:1) He bought his first share at age 11 and he now regrets that he started too late!

2) He bought a small farm at age 14 with savings from delivering newspapers.

3) He still lives in the same small 3 bedroom house in mid-town Omaha, that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.
4) He drives his own car everywhere and does not have a driver or security people around him.

5) He never travels by private jet, although he owns the world's largest private jet company.

6) His company, Berkshire Hathaway,owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basi…

Rio tinto Bhp stocks rise on take over bid and talk

Rio Tinto shares soar 21% in London tradeBHP Billiton is touted as a buyer of Rio Tinto BHP shares jump 5.4 per cent in London tradeSHARES in Rio Tinto (rio.ASX:Quote,News) soared 21 per cent in London trading overnight as traders cited market talk that rival miner BHP Billiton (bhp.ASX:Quote,News) was close to tabling a bid for the company. "Markets are betting that an offer is due soon," one trader said.
BHP Billiton (bhp.ASX:Quote,News) was up 5.4 per cent.
A spokesman for Rio Tinto said the share price move was based on speculation and said the company had not received a bid and was not aware of any offer from BHP Billiton.
Record struck on ASX
Talk that Rio had rebuffed a friendly offer from BHP drove Rio's share price up more than 11 per cent in Australian trade yesterday, the stock surging towards $100 in mid-afternoon trade.
About 90 million shares changed hands, with the stock touching an all-time high of $99.69 before slipping to end the day at $95.50, a rise o…

The best australian stock tips on stock market

It's official! Australia is the largest nation of shareholders with direct share ownership more than doubling since 1997 to 40.6 per cent. That figure rises to 54 per cent of all adult Australians when managed funds are taken into account. We're also trading more shares. The Australian Stock Exchange reports the average number of trades has nearly trebled in the past year to 79,000 a day.Large new floats such as Telstra has fueled the growth of ((((( the market is getting bearish ))))private share ownership. For example, almost one million of the two million people who invested in our largest telecommunications company were first time investors. They haven't been disappointed with their return on capital and many have branched out into other well-known stock such as Coles-Myer, Qantas, AMP, Commonwealth Bank and others.Smaller and less-well known companies are also floating on the stock exchange in record numbers. In the last half of 1999 more than 104 new companies went p…