My, how the world has changed. Mozambique independence in 1975 was a kind of high water mark of communism. Fresh from victory in Portugal’s 1974 military coup and its triumph in Vietnam, ‘world revolution’ arrived in southern Africa on June 25, 1975 with the People’s Republic of Mozambique. In the days before the Portuguese handover, pundits in what was still Lourenco Marques wondered whether the … Continue reading Remembering Mozambique Independence
OMAHA: As usual the Warren Buffett and Charlie Munger show played to thousands of the faithful at Omaha’s main sports arena. The day-long Saturday session was chock full of jokes and wisdom for investors. This 50th annual meeting (my fifth) was noteworthy for the principals pronouncements on the euro currency and China. The Young and Not So Young in Omaha There have always been questions … Continue reading Berkshire 2015: Notes from the Warren and Charlie Show
Thessaloniki, Greece. Some years back, I wrote that the annual meeting of the International Monetary Fund in Washington was Davos on the Potomac. It is, but it is much more. Held two out of every three years in the IMF headquarters city, it is a much larger and more important gathering than the World Economic Forum. Marco Annunziata of GE, formerly the chief economist at … Continue reading A Stunning Lack of US Support for the IMF
Barry D. Wood 