Warren Buffett

Every once in a while, says New York magazine, there appears a character who floats above “the wretched, amoral, meatheads” of Wall Street. Andrew J Hall is such a man.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aOQPmbrh1ZrA&refer=home

Commercial property is sold for the rent values. All around you see small shops disappearing, vacancy rates are high. Large supermarkets and 24 hour convenience stores and petrol stations seem to be taking over. Even in these megamalls, most shop keepers are struggling just to pay the rent. Real estate historically has appreciated at a higher rate than inflation, what do you think this means for future rental income from retailers?

4:40 pm : The week's wild ride has concluded, but onlookers might not know it by the relatively mild close had on Friday. The S&P 500 surged almost 12% Monday, suffered its biggest drop since the 1987 crash on Wednesday, and rallied more than 4% Thursday. On Friday alone the index swung nearly 7% from low to high before finishing with a 0.6% loss.

Warren Buffett is said to have purchased the stock some time in 2005...