In the depths of the 2008 financial crisis Warren Buffett’s Berkshire Hathaway loaned money to American companies hammered by the economic crisis. If you ride a “HOG” thank Mister Buffett. Without Berkshire Hathaway’s loan the company likely would not have survived the economic crisis. From 2007 to 2009, Harley Davidson motorcycle sales dropped over 50 percent. For most people motorcycles are non-essential expenses. Some may differ I realize and respect but the numbers speak for themselves.
Mr. Buffett was not on a mission of mercy driving a hard bargain: 15 percent interest for five years. According to Harley Davidson’s chief financial officer John Olin, the company had little choice if they wanted to keep the company afloat. If you own New York Venture Fund or their no-load, identical twin Selected American Fund, thank their management, Davis Selected Advisors. The
For perspective, Harley was one of only two
Things I Don’t Understand
In Pulp Fiction Harvey Keitel urges caution “if we come across the path of any John Q Laws.” The complaints about
Buz Livingston, CFP has a