Buffetting against bubblemania

Hat-tip to Todd Harrison for a great article comparing recent asset bubbles ...

Makes you want to think about the risk of permanently losing your capital if an asset market does not recover.

Warren Buffett has an interesting first rule of defense:

Rule #1: Don't loose money

Rule #2: Don't forget Rule #1

In other news, India's Central Bank raised key rates.

As the Wall Street Journal dryly noted:

None of the 18 economists surveyed in a Dow Jones Newswires poll had called Tuesday's move.

Guess those folks still haven't seen Aamir Khan's new video about the Inflation Witch!

Tread with care and watch for indigestion ahead.

It's your money - BYOCIO - Be Your Own Chief Investment Officer.

The Birth of Interest

"I thought the whole subject of judging what makes a business grow an intriguing one, and here was a game that if I learned to play it properly would by comparison make any other with which I was familiar with drab, meaningless and unexciting." -Phil Fisher