The Inelegant Investor Summarizes Munger's Comments to the LA Times. Munger derided compensation consultants, declaring that "I have always said that prostitution would be a step up for these people." Munger pointed out that the problem was not that CEOs were evil, but that..." envy-driven compensation mania... brings out the absolute worst in good people." |
| Neubert Top Ten Positions for End of July 2007 |
| Written by David Neubert | |||
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This is the ongoing list of my top holdings. See May 2007 List. See June 2007 List. Top Ten Listed/Tradable Holdings as of June month end (prices as of August 6, 2007): 1. Ishares Inflation Protected Treasuries ETF (TIP - $100.051) 2. Chevron Corp (CVX - $79.64) 3. Berkshire Hathaway (BRK/A - $111,000) 4. Conoco Philips (COP - $76.55) 5. B P Prudhoe Bay Oil RoyaltyTrust (BPT - $65.89) 6. Citigroup (C- $45.85) - new addition to top 10 list 7. Usiminas S.A. Brazil ADR (USNZY - $59.75) 8. Vanguard Pacific ETF (VPL - $68.86) 9. Amgen Inc (AMGN - $51.45) 10. 3M (MMM - $87.18) - new this month --- 11. Intel (INTC - $24.04) (part of options cocktail mention and part outright position) Off the list since July:
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