The "Buffett Rule" is a campaign stunt...Obama is trying to get back his left wing populist street cred. Especially after extending the "Bush Tax Cuts For The Rich" as you put it. Good luck.
The Buffett rule isn't about ending the deficit, or balancing the budget, it's about fairness, equity and justice.
in your wisdom, you have failed to realise that 'man' cannot know fairness equity and justice for ALL.....there IS NO utiopia....well, unless it's the Dark Side of the Moon......
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
in your wisdom, you have failed to realise that 'man' cannot know fairness equity and justice for ALL.....there IS NO utiopia....well, unless it's the Dark Side of the Moon......
Oh. I see. OK. Lets double your tax rate. It won't be fair but ... there's no utopia!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
the tax code isn't just about the percentage.....there are a MULTITUDE of factors.....Mr. Buffet failed to see beyond his secretary and actually managed to point out that he too is 'in the dark' just like the rest of us....and he left us with a bone (I pay less tax than you) for a podium puck, that our elected will toss out to the masses to 'satisfy' us......he's trying to point a finger at someone else by making himself look bigger than the Grinch's heart...... if that were the case he would have fixed the housing/lending crap already------because in his 'wisdom' he should have seen it coming, along with our elected.....
nah,,,,there ain't no utopia and their version of 'fairness' is in who will carry the least amount of 'blame' while the gnashing of teeth continues amongst the plebs......they fear us
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
London-based Nicholas Vardy appeared in Moneyshow.com compares the styles and results of legendary investors Warren Buffett and George Soros and tells who did better.
Vardy put it simple: “Warren Buffett is an investor, Soros is a speculator.”
The interview was taken in 2009, but the two Investment Gurus have not changed their investment style since then.
According to Vardy, Soros has relinquished the trading authority to the organization that he built and retreated once again to what is apparent a very busy retirement. According to GuruFocus, his team in Soros Fund Management LLC kept 687 stocks in their portfolio and 243 of them are new one for the quarter of 4Q09, the last time data is available. Diversified? Yes. Fast churning? Indeed.
Buffett, on the other hand, runs a very concentrated portfolio that hardly churns. The guy and his investment team believe in buy-and-hold. Between Buffett and his lieutenants and their $60+ billion in domestic equity portfolio, there are 41 stocks and none of them were new.
The portfolios of the two are night and day different. Yes, if you are serious and the careful match work, you can find 26 names in common. Soros copied more than half of Buffett’s stock ideas, you may say.
Of course that is not true, Soros is far too original to piggyback Buffett’s portfolio, but it does not hurt if the less immortals like us to know and learn what stocks they hold in common.
Here are the top seven companies according to market cap:
Symbol
Company
Price
P/E
Yield (%)
Market Cap ($Mil)
XOM
Exxon Mobil Corp.
$69.24
17.27
2.43
326901
WMT
WalMart Stores Inc.
$54.53
14.9
2.22
204551
GE
General Electric Company
$19.07
17.34
2.1
203473
PG
The Procter & Gamble Company
$63.54
17.17
2.77
184558
JNJ
Johnson & Johnson
$65.04
13.96
3.01
179267
WFC
Wells Fargo & Company
$33.48
19.24
0.6
173699
BAC
Bank of America Corp.
$18.43
0.22
159592
Exxon Mobil Corp. (XOM)
Exxon Mobil Corp. has a market cap of $326.9 billion; its shares were traded at around $69.24 with a P/E ratio of 17.27 and P/S ratio of 1.05. The dividend yield of Exxon Mobil Corp. stocks is 2.43%. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 4-star.
Buffett owns 421,800 shares as of 12/31/2009, a decrease of 66.95% of from the previous quarter. Soros owns 15,961 shares, an increase of 47.79% from the previous quarter.
WalMart Stores Inc. (WMT)
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $204.55 billion; its shares were traded at around $54.53 with a P/E ratio of 14.9 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.22%. Walmart Stores Inc. had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Buffett owns 39,037,142 shares as of 12/31/2009, which accounts for 3.6% of the $57.93 billion portfolio of Berkshire Hathaway. Soros owns 888,840 shares, a decrease of 20.36% of from the previous quarter.
General Electric Company (GE)
General Electric is one of the largest and most diversified industrial corporations in the world. General Electric Company has a market cap of $203.47 billion; its shares were traded at around $19.07 with a P/E ratio of 17.34 and P/S ratio of 1.3. The dividend yield of General Electric Company stocks is 2.1%. General Electric Company had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric Company the business predictability rank of 4-star.
Buffett owns 7,777,900 shares as of 12/31/2009, which accounts for 0.2% of the $57.93 billion portfolio of Berkshire Hathaway; Soros owns 17,621 shares , an increase of 76.21% from the previous quarter. This position accounts for less than 0.01% of the $6.95 billion portfolio of Soros Fund Management LLC.
The Procter & Gamble Company (PG)
The Procter & Gamble Company manufactures and markets a broad range of consumer products in many countries throughout the world. The Procter & Gamble Company has a market cap of $184.56 billion; its shares were traded at around $63.54 with a P/E ratio of 17.17 and P/S ratio of 2.34. The dividend yield of The Procter & Gamble Company stocks is 2.77%. The Procter & Gamble Company had an annual average earning growth of 9.3% over the past 10 years. GuruFocus rated The Procter & Gamble Company the business predictability rank of 5-star.
Buffett owns 87,503,411 shares as of 12/31/2009, which accounts for 9.16% of the $57.93 billion portfolio of Berkshire Hathaway; Soros owns 10,100 shares , an increase of 29.49% from the previous quarter.
Johnson & Johnson (JNJ)
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the health care field in many countries of the world. Johnson & Johnson has a market cap of $179.27 billion; its shares were traded at around $65.04 with a P/E ratio of 13.96 and P/S ratio of 2.9. The dividend yield of Johnson & Johnson stocks is 3.01%. Johnson & Johnson had an annual average earning growth of 12.2% over the past 10 years. GuruFocus rated Johnson & Johnson the business predictability rank of 5-star.
Buffett owns 27,132,467 shares as of 12/31/2009; a decrease of 26.5% of from the previous quarter. Soros owns 21,198 shares, an increase of 34.16% from the previous quarter.
Wells Fargo & Company (WFC)
Wells Fargo & Company is a diversified financial services company. Wells Fargo & Company has a market cap of $173.7 billion; its shares were traded at around $33.48 with a P/E ratio of 19.24 and P/S ratio of 1.76. The dividend yield of Wells Fargo & Company stocks is 0.6%. Wells Fargo & Company had an annual average earning growth of 4.5% over the past 10 years.
Buffett owns 320,088,385 shares as of 12/31/2009; Soros owns 14,400 shares, a decrease of 31.75% of from the previous quarter.
Bank of America Corp. (BAC)
Bank of America Corp. is one of the world's financial services companies. Bank Of America Corp. has a market cap of $159.59 billion; its shares were traded at around $18.43 with and P/S ratio of 1.06. The dividend yield of Bank Of America Corp. stocks is 0.22%.
Buffett owns 5,000,000 shares as of 12/31/2009; Soros owns 338,400 shares, an increase of 24.46% from the previous quarter.
For the complete list of the stocks ideas shared by Buffett and Soros, click here
Conclusion
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...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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