Greenwich Roundup: Warren Buffett

Showing posts with label Warren Buffett. Show all posts

Wednesday, February 25, 2009

02/25/09 What Recession?

Are Recession Warning Signs Actually Buy Signals?

Edward Lampert May Soon Become Majority Owner Of AutoNation

Investorazzi

... auto dealership group, even as his personal worth plunges. Lampert and ESL Investments Inc., his hedge fund in Greenwich, Conn., own more than 45 percent of AutoNation Inc. He made his most recent share purchase early this montha Publicly traded ...

Rivulet Communications Raises $11.5 M in Series C Funding

Venture Capital Access Online

... investment team, with over 100 years of private equity experience. The company has 30 employees and is based in Greenwich, Connecticut. http://www.peqm.com/ About Scorpion Capital Partners Scorpion Capital Partners is a private equity firm that continues ...

PLEASE SEE:

02/18/09 FEAR ON GREENWICH AVENUE: Is The Stock Market Finally Bottoming?

Last year, Warren Buffett wrote an op-ed in the New York Times announcing his intention to buy U.S. equities.

Was the oracal of Omaha wrong?

Is it still not safe to put your money back into the stock market?

It has always been said to be “fearful when others are greedy and greedy when others are fearful”.

This bit of advice served Greenwich Resident Paul Tudor Jones well after the stock market crah of 1987. He went from Millionaire To Billionaire because he was smart enough to be "greedy whe others were fearful".

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Thursday, February 5, 2009

02/05/09 The Raw Greenwich News Feed (Updated)

Greenwich Roundup Spans The Globe To Bring You The Latest News About Greenwich .....

Congressman Himes In Norwalk to Celebrate Approval of SCHIP Bill
WSTC-AM Norwalk

Greenwich Congressman Jim Himes will be in Norwalk this week to celebrate President Barack Obama's approval of the children's federal health insurance bill.

Buffett cancels annual event with biographer .....

Warren Buffett peeved over The Snowball?

Pundit Review
OMAHA, Neb. (AP) -- Billionaire Warren Buffett worked closely with Alice Schroeder during the five years that she researched his life story, but the author says her relationship with the investor has cooled since the book's release last fall.

And Schroeder says Buffett told her last month that he would no longer attend a dinner she's hosted since 1998 on the eve of Berkshire Hathaway Inc.'s annual meeting in Omaha each spring.

"We've had very little contact since the book has been published. A few e-mails, and that's it," Schroeder said Wednesday in an interview from her home in Greenwich, Conn ......

The Bernie Madoff Client List Is Made Public
Time
... clarification on allowing his employees to file individually. It is known that feeder funds such as Fairfield Greenwich, Ascot Partners, and Chais Investments, which are listed in the court document, had thousands of individual investors who placed ...

This Weekend
The Wilton Bulletin
... The 92nd Bendheim Member Juried Exhibition will open Thursday, Feb. 5, in the Bendheim Art Gallery at 299 Greenwich Avenue, Greenwich. A reception with the artists will take place Friday, Feb. 6, from 6 to 9 p.m. and the show, which has been ...

Nymex Gas Rises After Report of Larger-Than-Normal U.S. Inventory Decline
Bloomberg
... next week. a oeIt has been unbelievably cold in the Midwest,a said Tom Orr , research director at Weeden & Co. in Greenwich, Connecticut. a oeI dona t see a catalyst to take gas much higher.a Natural gas for March delivery rose 5.7 cents, or 1.2 ...

Will M'soft make its own smart phone?
EETimes
... that Microsoft is planning to launch a smartphone," wrote Rob Sandserson and Mark McKechnie of Broadpoint AmTech (Greenwich, Conn.). Not so fast, said Rick Doherty, principal of market watcher Envisioneering (Seaford, NY). "We expect a Windows ...

Grieving a child should not be an individual burden
Darien News-Review
... may feel lost, angry, guilty and deeply sad over the loss. Family Centers, with locations in Darien, Stamford and Greenwich, is the nonprofit umbrella organization for specific programs that aim to help these families and allow them an outlet for ...

Downturn sucks the luster off Valentine's Day....

Flash Is Out For Wealthy On Valentine's Day
The Post Chronicle
... parent Richemont posted a 12 percent drop in sales in the fourth quarter of 2008. In the hedge fund epicenter of Greenwich, Connecticut, buyers are looking at traditional white diamonds that are easier to match with clothes, said John Green, chief ...

Greenwich Post
Hersam Acorn Newspapers
Sign up for breaking news.

Sports

GHS cheerleaders ready to compete ......

Family Fun: Dinosaurs, Big Red Dog And Disney
Hartford Courant
... examining the process through which artists reconstruct the world of dinosaurs. The museum is at 1 Museum Drive in Greenwich. Admission is $7 for adults, $6 for seniors and students. Members and children under 5 are free. For hours and a list of ...

ANALYSIS: A bitter pill for the public, but...
Times Online
... Many of the proposed bonuses wouldn't even go to British bankers. Many of GBM's workers are based in Greenwich, Connecticut, and financial centres around the globe. The bonus culture is seriously tarnished. It was the nature of bonuses - ...

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Friday, September 5, 2008

09/05/08 You Wont Read This Greenwich Time Website This Morning

Here is today's "Hedge Fund Guy Sucking Wind" story.....

Foreclosure Auction Set On Lauer's Greenwich Mansion

By Kenneth R. Gosselin at kgosselin@courant.com.

A former hedge fund manager's mansion in Greenwich is headed for an Internal Revenue Service foreclosure auction.

It's yet another problem for the owner, Michael Lauer.Six months ago, securities regulators and law enforcement officials indicted Lauer and four associates of the now-defunct Lancer Group of hedge funds, alleging that they defrauded investors of more than $200 million between 1999 and 2003.

If Lauer is still living in the 7,300-square-foot, contemporary estate at 7 Dwight Lane — and that couldn't be determined Thursday — he had better get ready for some visitors: The IRS is holding two open houses for bidders, today and Sept. 25.

The open houses could draw those curious to see how the other half lives in addition to possible bidders. But the scheduled Sept. 26 auction will require some serious cash: Bidding starts at $2.5 million.

...Real estate records show that Lauer, who once reportedly worked as a New York City cabby, bought the estate for $2.3 million in 1999.

Lauer's Lancer Group was linked to a scandal in 2003 involving the investment of state of Connecticut pension funds that lost millions in value....

Full StoryAvailable On The Hartford Courant Website

Here is another story that's not on the Greenwich Time Website this morning.....

Greenwich man charged with murder in woman's death

NewsTimesLive.com

The Associated Press

GREENWICH, Conn.—Greenwich police have charged a 75-year-old man with murder in the shooting and stabbing death of a woman in a back yard of a home.

Gerardo Lombardi was arrested Thursday after police responded to a call of gunshots at a home on Nicholas Avenue.

Police say they found Lombardo in the back yard of the home next to his and found the victim, a white woman in her 40s, dead.

The victim's identity has not been released. A police spokesman says police recovered weapons at the scene.

Lombardi is being held by the Greenwich Police Department on a $2 million cash bond and is to appear in Stamford Superior Court Friday.

Here is some Greenwich Business News that you won't find on the poorly maintained Greenwich Time website.....

Winning With Out-of-Favor Stocks

Kiplinger Online

In the 30 years since they founded Sound Shore Management in Greenwich, Conn., Harry Burn and Gibbs Kane have seen all kinds of markets.

Boeing, machinists return to talks to avert strike

Asbury Park Press Online

... which all but makes certain a strike in the next 48 hours - unless Boeing caves big- time," Peter Arment, a Greenwich, Conn.-based analyst with American Technology Research, wrote in a note Thursday. A walkout would threaten to prevent the 787, ...

Snow Valley may see new development

Manchester Journal

Snow Valley, LLC, a corporation located in Old Greenwich, Conn., is seeking an Act 250 permit to proceed with a project costing in excess of $8.5 million to revitalize the Snow Valley ski area.

Media News Report: Fox News show personality Gretchen Carlson comes home to cover Republican National Convention

ABC Newspapers

... Convention in St. Paul. She is one of three anchors on the show, Fox and Friends. Carlson, who now lives in Greenwich, Conn., still calls Minnesota her home. Fox News television personality Gretchen Carlson of the Fox and Friends morning show came ...

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Comment:

Added At 12:03 PM

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An Alert Greenwich Roundup reader has alerted us that Greenwich Roundup and The Hartford Courant are also behind the times.

Apparently, this piece of Greenwich Real Estate news was already opned on by Chris Fountain and the For What It's Worth blog last Sunday.

For What It's Worth Link:

http://greenwichrealestate.blogspot.com/2008/09/7-dwight-lane-thanks-to-research-by.html

UPDATE #2

Even More On 7 Dwight Lane At For What It's Worth (See The Pictures)

7 Dwight Lane

Here's the house on Dwight Lane that's being sold via court judgment later this month. If you enlarge the first photo you'll notice that the house, built in 1986, has suffered from malign neglect. The original builder was on site and the auctioneer says that the man will "fix everything" for $100,000. Considering that that would involve, at a minimum, new siding, new decks, new electrical, new pool and God knows what else, that sum sounds suspiciously optimistic to me.

As did the auctioneer himself, who told me that his only problem was that he "only has one of these to sell". I questioned him on that and he assured me that $2.5 million was only going to be the starting bid and that he already had numerous buyers chomping at the bit. If he does, they almost certainly aren't from Greenwich because I can't believe anyone familiar with our town and this street's location would share the auctioneer's fevered enthusiasm.

Of course, he could have been shucking and jiving me - you think?

The grounds are nice, though. By the way, I forgot what else needs replacement: the tennis court.