I’ve just read Starbucks Howard Schultz’s memo and my view on Starbucks’ leadership is once again reinforced. You have to be amazed by Howard’s and the company’s awareness even 20 years after founding the company(or taking over the original little Starbucks store at the Seattle Pike Place Market). Can Starbucks re-accelerate its growth? I’ll have to say yes as long as Howard is still at the helm.
It’s often true that stocks trade 9 to 12 months ahead of their fundamentals. The home builder stocks are showing signs of bottoming. Does that mean that the U.S. housing market is stablizing?
I’ve found that the housing stocks trade in tandem. Let’s take a look at some of their charts. The trend sure looks great.
CNBC had a special program on Warren Buffett yesterday. It was just an hour long of great entertainment as well as education. Among other things, the program talked about the annual shareholder meeting of Berkshire Hathaway. It showed how enthusiastic people were attending the meeting. It reminded me how I’ve always wanted to go to a Berkshire Hathaway shareholder meeting and that I never had the time to go(or I made up an excuse for not going).
I’ve always admired Warren Buffett and Charlie Munger. Not only they have great business sense, that they can make the most complicated things look so simple, they also have high ethics and integrity. I decided that I did not want to put off meeting these two giants anymore and so Continue reading