Warren Buffett’s financial results start to raise red flags
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Breakfast with Benjamin: Warren Buffett rejects analysts' criticism of Berkshire Hathaway's financials. Plus: Family Dollar's lesson in luck, small-cap stocks at odds with jobs data, and Alan Greenspan on Greece exiting the euro.
- Financial analysts are starting to cry foul over Warren Buffett’s financial results. The Oracle of Omaha says he liked it better when his annual letter to shareholders was all the information anyone needed. Buffett rejects criticism of Berkshire Hathaway
- The Family Dollar saga highlights the role of luck when it comes to investing. Most of Family Dollar’s woes were outside the control of the company’s management
- Small-cap stock valuations contradict the cheery jobs data. When stacked against one another, you gotta go with small-cap valuations and believe that the recovery doesn’t add up. High valuations are cutting in to returns of Russell 2000 companies
- Alan Greenspan says Greece has burned all its bridges, and calls the country’s exit from the euro, ‘just a matter of time.’ At this point, the euro doesn’t help Greece, and Greece doesn’t help the euro zone
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