All eyes are on Syria - or I should say, Washington, D.C. - as we determine what our response will be to the tragic use of chemical weapons.
No doubt, a protracted military engagement would hamper our country's efforts to (finally) get our finances in order. In turn, the ever-fragile economic recovery could be jeopardized. And that, my friends, has investors on edge.
How else do you explain this headline from the
Financial Times - "Traders Cautious As Syria Fears Re-emerge"?
Or the fact that Marketwatch.com - an investment-focused website, mind you - created an entire "Focus on Syria" section at the top of its homepage, as well as a page dedicated to "live streaming updates on the conflict in Syria."
Should we
really be fearful, though? Does Syria genuinely pose a threat to our investments?
Forget what I think on the matter. Instead, let's stick to the cold, hard facts and see what the data tells us.
(Hint: It's not what you might expect.)
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Why Are Billionaires Buying Suncor Energy? By JASON SIMPKINS, Editor-in-Chief, Oil & Energy Daily If you haven't made a habit of analyzing
Berkshire Hathaway's (BRK.A, BRK.B) SEC filings each quarter, I suggest that you do.
It's easy enough. Most media outlets report any additions and subtractions to the company's portfolio. All it takes is a quick Google search. And you usually end up coming away with a few pearls.
For instance, Berkshire's most recent filing revealed that Buffett is building a position in
Suncor Energy (SU). Berkshire dumped about half a billion dollars ($524 million) into Suncor in the second quarter.
Furthermore, another billionaire, energy magnate T. Boone Pickens, also dove into Suncor in the second quarter.
So I thought I'd take a closer look. And what I found was some pretty profitable information...
Click here to continue reading...
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