Warren Buffett Monday on CNBC

Well, there are a lot of things going on in the markets and the economy that we could talk about today, but let's not fight the whale.

Warren Buffett is front and center in the business news today, as he joined CNBC this morning for an extended "Ask Warren 2009" interview special.

Transcripts and video clips are all there in the link, and there's plenty for WB and Becky Quick to talk about, including the news of a merger between Schering Plough and Merck, which broke in the opening moments of this morning's interview.

Interesting to note that Buffett is seeing a lot of change in consumer behavior recently. He said that the American public has changed its buying habits, and that the level of fear that's taken hold among Americans is something he's never seen before. The widespread confusion and fear over the economy has led the buying public to really pull back in recent months.

And as you may have noticed in last week's coverage of Berkshire Hathaway's annual report, Buffett is not exactly holding back about the state of the economy.

When he noted this morning that the economy "has fallen off a cliff", Bloomberg picked up the story and ran the quote in their headline.

Related articles and posts:

1. Berkshire, Buffett bear brunt of bear market - Finance Trends.

2. Graham shows S&P 500 too high as Buffett loses - Bloomberg.

3. Lessons from Warren Buffett - Finance Trends.

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety . My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes . Related posts: 1. Seth Klarman interviews and Margin of Safety notes 2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4.

Moneyball: How the Red Sox Win Championships

Welcome, readers . T o get the first look at brand new posts (like the following piece) and to receive our exclusive email list updates, please subscribe to the Finance Trends Newsletter . The Boston Red Sox won their fourth World Series title of t he 21st century this we ek. Having won their first Se ries in 86 years back in 200 4, the last decade-plus has marked a very strong return to form for one of baseball's oldest big league clubs. So how did they do it? Quick background: in late 2002, team own er and hedge fund manager, John W. Henry (with his partners ) bought the Boston Red Sox and its historic Fenway Park for a reported sum of $ 695 million. Henry and Co. quickly set out to find their ideal General Manager (GM) to help turn around their newly acquired, ailing ship. This brings us to one of my fav orite scenes from the 2011 film , Moneyball , in which John W. Henry (played by Ar liss Howard) attempts to woo Oakland A's GM Billy Beane (Brad Pi

William O'Neil Interview: How to Buy Winning Stocks

Investor's B usiness Daily founder and veteran stock trader, William O'Neil share d his trading methods and insights on buying winning stocks in an in-depth IBD radio interview. Here are some highlights from William O'Neil's interview with IBD: William O'Neil's interest in the stock market began when he started working as a young adult. "I say many times that I didn't get that much out of college. I didn't have much interest in the stock market until I graduated from college. When I got married, I had to look out into the future and get more serious. The investment world had some appeal and that's when I started studying it. I became a stock broker after I got out of the Air Force." He moved to Los Angeles and started work in a stock broker's office with twenty other guys. When their phone leads from ads didn't pan out, O'Neil would take the leads and drive down to visit the prospective customers in person.

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