Fundamental Analysis » Five for the Weekend #9

Fundamental Analysis
Fundamental Analisis on time

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If you need a few things to read between now and Monday, you might check out the following.
Prem Watsa of Fairfax Financial (FFH/NYSE) gave an interview in Canada, which qualifies as must-read in my book. Asked about the US Government bailout and what the average person should do, Watsa said, “$700-billion US, or whatever, is not going to stop this. This is
going to be long and deep and people want to save money. Be careful
about risk. There are unintended consequences in fixing this and all
are ahead of us. This will take years to sort out. There will be
problems here in Canada, too. If the U. S. has a recession, we will.
For individuals, safety is No. 1. Buy real estate for your family, but
not as an investment. Don’t borrow for new cars. Keep borrowing at a
minimum. Now’s the time to protect your money. Keep your life simple. Be mortgage-free if you can. People must hunker down.” …
Original Source: www.controlledgreed.com