What Warren Buffett’s Investment In Bank Of America Doesn’t Tell Us
News from Seeking Alpha:

To borrow an oft-repeated quote from Apple (AAPL) co-founder Steve Jobs, the only man who managed to eclipse Warren Buffett at the top of this week’s financial headlines, “It is important to remember that sometimes, what you don’t do is more telling than what you actually do.”

Warren Buffett’s big announcement that he is investing $ 5 billion into Bank of America (BAC) has gotten all the talking heads and financial analysts talking about whether or not now is the time to buy Bank of America shares. But while everyone is talking about Bank of America’s common stock, we should keep in mind that, in fact, Buffett has not yet bought BAC’s common stock. Here are the terms of Buffett’s deal with Bank of America:

Bank of America created a special type of preferred stock by issuing…………… continues on Seeking Alpha
… Read the full article
.

Related News:

Some question green investment as clean-energy summit nears
News from Las Vegas Review – Journal:

Posted: Aug. 28, 2011 | 11:37 a.m.

Ten thousand.

That’s the number of green jobs Las Vegas had in 2010, according to a July report from the Brookings Institution. That jobs base accounts for 1.2 percent of the city’s jobs base, roughly equal to the number of Las Vegans employed by taxi and limousine businesses. From 2003 to 2010, the green economy in Las Vegas added 3,125 jobs — a little more than half of the jobs created when The Cosmopolitan of Las Vegas was brought to life in December.

What’s more, a March report from the Council of State Governments found that federal stimulus funds created or saved just 310 green jobs in Nevada in the fourth quarter, up from 95 created or saved in the first quarter of 2009, when the federal government began distributing recovery money. (The report didn’t list funding amounts.)

That’s a disappointing track record for a state that Senate Majority Leader Harry Reid, D-Nev., has called t…………… continues on Las Vegas Review – Journal

… Read the full article


The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… The greatest investment advi…
The Neatest Little Guide to Stock Market Investing, 2010 Edition
The essential stock market guide updated with timely strategies for investing after the crash Now in its fourth edition, Jason K…