Weekend Reading:Sad People Overpay

Buffett's 3hr interview on CNBC. An excellent transcript to read though -- its lengthy though. Couple nuggets I picked out:
Muni bonds. A college buddy of me recently emailed me about interest in municipal bonds. All I know is I don't know enough to invest in them yet. I do agree yield seem to have gone up recently on them.

Buffett still think the US has put itself in a position for the dollar to continue to weaken over time. I recently wrote about my experiences in China and the only way I have hedged myself against this is by investing in international index funds/ETFs and buying large-cap international businesses.
ELYM has finally finished his lakehouse. He has found a way to build a vacation home - something that is on my mind on a regular basis. Its a dream of mine to one day own a mountain lake home to escape to. I have lots of ideas on how to make it happen, maybe build it myself, maybe start out with it being a rental property, maybe buying a fixer-upper. However my wife and I still need to find and settle down into our primary home before we start to make decisions on how we want to pursue this dream.
Sad People Overpay - I think the section in this article regarding sad people tend to overpay an interesting find.
A new study finds that people who spend money while sad or self-absorbed unconsciously overpay....the gloomy bidders offered as much as 300 percent more...
I guess I need to make sure I am really happy next time I go house or car shopping.

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Comments (1)

Thanks for the mention 2Million! I appreciate the comment too. That's a great idea. Now I just need to find the time to tally the rest of the costs up and then I'll post about the total cost!

Posted by Hazzard | March 17, 2008 9:48 AM