The 8 Most Fascinating Things I Read This Weekhttp://www.fool.com/investing/general/2012/11/15/the-8-most-fascinating-things-i-read-this-week-10.aspx Morgan Housel
November 16, 2012
There are more good news articles, commentaries, and analyst reports on the Web every week than anyone could read in a month. Here are the eight most fascinating ones I read this week.
The US will overtake Saudi Arabia as the world's biggest oil producer "by around 2020", an International Energy Agency (IEA) report has said.
Enough about uncertainty
To be sure, we don't have complete clarity. But the point is that we never do. And if CEO's cite "uncertainty" over the fiscal cliff as their reason for not moving forward, then they might as well close up shop. Because after the fiscal cliff will be some other macro economic crisis, and then another and then another election.
Berkshire looks appealing because the stock's price/book ratio is near the bottom of its 10-year range and just above a threshold of 1.1 times book at which Buffett has said the company stands ready to repurchase shares. Berkshire is sitting on $42 billion of cash -- $11.5 billion in the holding company and the rest in its insurance affiliates.