Does Warren Buffett have a bulletproof formula for making money on Wall Street? It sure seems that way. Buffett, chairman of Berkshire Hathaway (Stock Quote: BRKB), is estimated to have $47 billion in assets – making him among the top three wealthiest individuals in the world.
John D. Rockefeller once had this to say about happiness. “Do you know the only thing that gives me pleasure? It’s to see my dividends come in.”
If you’re rich enough – or otherwise have access to your local private country club’s locker room – sooner or later you’ll hear a pair of wealthy golfers discussing their preferred stock holdings.
According to a recent study by Black Rock International, at the end of February 2011, the global ETF industry had 2,557 ETFs with 5,802 listings and assets of $1.3 trillion (in U.S. dollars) from 140 providers on 48 exchanges around the world.
What to make of the current inflationary economic climate? To hear a government economist tell it, it’s basically “nothing to worry folks. Nothing to see here.”