The Sunday Review #14: Warren Buffet Is Buying This Blog Edition

by golbguru on April 1, 2007

I think the time has come for me to disclose where I have been spending most of my efforts lately. I was trying to get into a major entrepreneurial venture with this blog. After a hectic (and pretty stressful) span of time, which included numerous proposals, phone calls, and business meetings, I see some light at the end of the tunnel. Things were looking pretty grim until I met “the man” himself. Mr. Buffet is as thoughtful and serene in real life as the media has always portrayed him to be. He sat through my entire presentation (that lasted for about an hour) and later voiced his opinions in just three or four sentences, asked a few quick questions, offered many words of encouragement, and left immediately after that.

I think it all went pretty well since his team of advisers later put forward a $100K+ offer to buy rights over this blog. I am not at a liberty to disclose all the details here, but in a nutshell, the deal is to the effect that in return for the lump sum payment, I will direct all advertising income towards an agency who will collect it on behalf of Mr. Buffet. The agency will retain ownership rights over this blog for the next 15 years. This probably means that you will read a lot about investing principles, Mr. Buffet, and Berkshire Hathaway on this blog for a long time to come. It’s not really a “leave your day job” kind of deal, but it’s pretty close. I don’t intend to backtrack on this arrangement, but I would welcome all words of caution from my readers.

Now back on track with the reviews.

  • The 20 Dumbest Personal Finance Questions of All Time by Nick @ Punny Money. An interesting list of questions and a funny list of answers. Some of the questions are not as dumb as they are silly. But hey, not asking questions at all is probably dumber than asking silly questions (within tolerable limits). :)
  • Pricing Psychology @ Customer’s Revenge. Read this post to find out about the mind games retailers/companies play with the customers in order to ensure that the holes in their (customers’) pockets get bigger. Another complementary post that voices similar concerns is The Art of Retail Pricing by Sun @ The Sun’s Financial Diary. It’s not just the”art” of retail pricing…it’s the art and the “craft“of retail pricing (click here and read meaning #2 for the word “craft”).
  • Are Money Myths Costing You Cash? by Ben @ Money Smart Life. Ben lists 11 financial facts/myth. Most people who read this blog (or other personal finance blogs) will be able to quickly distinguish between the facts and the myths..but there must be a ton of other folks who wouldn’t know the difference.
  • How to screw your mobile service provider by Yan @ ProBargainHunter. In the context of the article, screw = squeeze money out of. Yan summarizes a few things you can do to get more out of your cell phone contracts.
  • How To Get Rich Venn Diagram by Henry @ Binary Dollar. The picture says a thousand words. However, I want to add one more circle (set) to it and name it “Think“. Then, we can call the confluence of all three circles as “Big-cha-ching”.
  • Is Your Financial Fortress Termite Infested? by ISPF @ Grad Money Matters. Some thoughtful insight about things that can bring us down. You could be smart in earning and saving all you want, but if you are careless about some of the things that ISPF mentions, going downhill won’t take much time.

Now, a couple of links to this week’s carnivals.

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