{"id":2501,"date":"2009-03-02T00:45:00","date_gmt":"2009-03-02T05:45:00","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=2501"},"modified":"2016-09-20T17:03:11","modified_gmt":"2016-09-20T21:03:11","slug":"tdi-podcast-98-why-is-buffett-discussing-venereal-disease","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2009\/03\/02\/tdi-podcast-98-why-is-buffett-discussing-venereal-disease\/","title":{"rendered":"TDI Podcast 98: Why is Buffett discussing Venereal Disease?"},"content":{"rendered":"<p style=\"text-align: left;\"><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-disciplined-investor\/id217999782\" target=\"_blank\"><img decoding=\"async\" class=\"size-medium wp-image-257 alignright\" title=\"iTunes Subscribe\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/03\/itunes_subscribe-3.jpg\" alt=\"\" \/><\/a>Guests: Vad Yazvinski and Mish Shedlock talk about all that is wrong with our banking system. Bailouts and bustouts, preferences and preferreds. It is a horrific mess. We review Buffett&#8217;s annual letter as well as the reasons behind why the U.S. is keeping Citibank (C) alive.<\/p>\n<p style=\"text-align: center;\">&#8212;<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #888888;\"><a href=\"#podcast\" target=\"_self\"><span style=\"color: #000000;\">LISTEN TO PODCAST NOW<\/span><\/a> | <span style=\"color: #000000;\">LISTEN<\/span> <span style=\"color: #000000;\">@<\/span> <a title=\"Zune Subscribe\" href=\"zune:\/\/subscribe\/?The%20Disciplined%20Investor=http:\/\/feeds.thedisciplinedinvestor.com\/tdicasts\" target=\"_blank\">ZUNE<\/a> &#8211;<span style=\"color: #000000;\"> @<\/span> <a title=\"iTunes Subscribe\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-disciplined-investor\/id217999782\" target=\"_blank\">iTUNES<\/a><\/span><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #888888;\">&#8212;<br \/>\n<\/span><\/strong><\/p>\n<p style=\"text-align: left;\"><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" title=\"Mish\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/03\/mish2.jpg\" alt=\"\" width=\"94\" height=\"109\" \/><\/strong><\/p>\n<p style=\"text-align: left;\"><strong>Mike \u201cMish\u201d\u009d Shedlock <\/strong>is a registered investment advisor representative for <strong><a title=\"SitkaPacific Capital Management\" onclick=\"urchinTracker ('\/outbound\/article\/www.sitkapacific.com');\" href=\"http:\/\/www.sitkapacific.com\/\" target=\"_blank\"><span style=\"color: #2255aa;\">SitkaPacific Capital Management<\/span><\/a><\/strong>. He is a regular guest on TDI Podcast and has helped thousands of listeners protect their money during these very turbulent financial times. As Mish tells us, <em>\u201cSitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.\u201d\u009d<\/em><\/p>\n<p style=\"text-align: left;\"><em>See: <\/em>Why Citgroup (C) will not get nationalized &#8211; <a href=\"http:\/\/globaleconomicanalysis.blogspot.com\/2009\/02\/who-bears-burden-for-3trillion-mistake.html\"><strong>A $3 Trillion Mistake<\/strong><\/a><em><br \/>\n<\/em><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/03\/vad.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"60\" height=\"72\" class=\"size-medium wp-image-1084 alignright\" style=\"float: left; margin: 5px;\" title=\"vad\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/2009\/03\/vad.jpg\" alt=\"\" \/><\/a><a title=\"Vad's Blog\" onclick=\"urchinTracker ('\/outbound\/article\/skepticalcapitalist.investorplaceblogs.com');\" href=\"http:\/\/skepticalcapitalist.investorplaceblogs.com\/\" target=\"_blank\"><strong><span style=\"color: #2255aa;\">Vad Yazvinski<\/span><\/strong><\/a> likes buying stocks that offer growth at a reasonable price. He does not tolerate losing positions for too long. He is a permanent student of economics and of the investing world who is not only unafraid of challenges but who spends his free time looking for them. According to Vad, &#8220;I intend to stay that way, because, as the quote I cited above says, I know that while I might not be able to change my past, it is certainly within my powers to make a brand new ending.&#8221;<\/p>\n<p style=\"text-align: left;\"><strong>Stocks mentioned in this episode<\/strong>: Bank of America (BAC), Citigroup (C), \u00a0 Royal Bank of Scotland (RBS), Goldman Sachs (GS). Lehman Brothers (LEHQ), AIG (AIG), Fannie Mae (FNM), Freddie Mac (FRE), Wells Fargo (WFC), Preferred Trust (PFG)<\/p>\n<p style=\"text-align: center;\">&#8212;<\/p>\n<p style=\"text-align: left;\">Click <a href=\"http:\/\/www.berkshirehathaway.com\/letters\/2008ltr.pdf\"><strong>HERE<\/strong><\/a> for the 2008 Berkshire Hathaway (BRK.A) Annual Report (pdf). If you want to see the last 20 years of annual letters, click <a href=\"http:\/\/www.berkshirehathaway.com\/letters\/letters.html\"><strong>HERE<\/strong><\/a>.<\/p>\n<p style=\"text-align: center;\">&#8212;<\/p>\n<p style=\"text-align: center;\"><strong>Sponsor:  Try GotoMyPC free for 30 days! For this special offer, visit <a title=\"GoToMyPC\" href=\"http:\/\/www.gotomypc.com\/podcast\" target=\"_blank\">www.gotomypc.com\/podcast<\/a><\/strong><\/p>\n<p><a id=\"podcast\" name=\"podcast\"><\/a><\/p>\n<div class=\"powerpress_player\" id=\"powerpress_player_7347\"><a href=\"http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3\" title=\"Play\" onclick=\"return powerpress_embed_html5a('7347','http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3');\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/powerpress\/TDI_PlayPodcast-679.png\" title=\"Play\" alt=\"Play\" style=\"border:0;\" \/><\/a><\/div>\n<p class=\"powerpress_links powerpress_links_mp3\" style=\"margin-bottom: 1px !important;\">Podcast: <a href=\"http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3\" class=\"powerpress_link_pinw\" target=\"_blank\" title=\"Play in new window\" onclick=\"return powerpress_pinw('https:\/\/thedisciplinedinvestor.com\/blog\/?powerpress_pinw=2501-podcast');\" rel=\"nofollow\">Play in new window<\/a> | <a href=\"http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3\" class=\"powerpress_link_d\" title=\"Download\" rel=\"nofollow\" download=\"tdi_episode98.mp3\">Download<\/a> (42.0MB)<\/p><p class=\"powerpress_links powerpress_subscribe_links\">Subscribe: <a href=\"https:\/\/open.spotify.com\/show\/5vtvEVDPUi4221imwhXyXt\" class=\"powerpress_link_subscribe powerpress_link_subscribe_spotify\" target=\"_blank\" title=\"Subscribe on Spotify\" rel=\"nofollow\">Spotify<\/a> | <a href=\"https:\/\/tunein.com\/podcasts\/Markets-and-Investing\/The-Disciplined-Investor-p414586\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_tunein\" target=\"_blank\" title=\"Subscribe on TuneIn\" rel=\"nofollow\">TuneIn<\/a> | <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/feed\/podcast\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_rss\" target=\"_blank\" title=\"Subscribe via RSS\" rel=\"nofollow\">RSS<\/a> | <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/subscribe-to-podcast\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_more\" target=\"_blank\" title=\"More\" rel=\"nofollow\">More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Guests: Vad Yazvinski and Mish Shedlock talk about all that is wrong with our banking system. Bailouts and bustouts, preferences and preferreds. It is a horrific mess. We review Buffett&#8217;s annual letter as well as the reasons behind why the U.S. is keeping Citibank (C) alive.<\/p>\n<div class=\"powerpress_player\" id=\"powerpress_player_7348\"><a href=\"http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3\" title=\"Play\" onclick=\"return powerpress_embed_html5a('7348','http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3');\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/thedisciplinedinvestor.com\/blog\/wp-content\/uploads\/powerpress\/TDI_PlayPodcast-679.png\" title=\"Play\" alt=\"Play\" style=\"border:0;\" \/><\/a><\/div>\n<p class=\"powerpress_links powerpress_links_mp3\" style=\"margin-bottom: 1px !important;\">Podcast: <a href=\"http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3\" class=\"powerpress_link_pinw\" target=\"_blank\" title=\"Play in new window\" onclick=\"return powerpress_pinw('https:\/\/thedisciplinedinvestor.com\/blog\/?powerpress_pinw=2501-podcast');\" rel=\"nofollow\">Play in new window<\/a> | <a href=\"http:\/\/media.blubrry.com\/tdi_podcast\/www.thedisciplinedinvestor.com\/blog\/podcasts\/tdi_episode98.mp3\" class=\"powerpress_link_d\" title=\"Download\" rel=\"nofollow\" download=\"tdi_episode98.mp3\">Download<\/a> (42.0MB)<\/p><p class=\"powerpress_links powerpress_subscribe_links\">Subscribe: <a href=\"https:\/\/open.spotify.com\/show\/5vtvEVDPUi4221imwhXyXt\" class=\"powerpress_link_subscribe powerpress_link_subscribe_spotify\" target=\"_blank\" title=\"Subscribe on Spotify\" rel=\"nofollow\">Spotify<\/a> | <a href=\"https:\/\/tunein.com\/podcasts\/Markets-and-Investing\/The-Disciplined-Investor-p414586\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_tunein\" target=\"_blank\" title=\"Subscribe on TuneIn\" rel=\"nofollow\">TuneIn<\/a> | <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/feed\/podcast\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_rss\" target=\"_blank\" title=\"Subscribe via RSS\" rel=\"nofollow\">RSS<\/a> | <a href=\"https:\/\/thedisciplinedinvestor.com\/blog\/subscribe-to-podcast\/\" class=\"powerpress_link_subscribe powerpress_link_subscribe_more\" target=\"_blank\" title=\"More\" rel=\"nofollow\">More<\/a><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,9,296],"tags":[80,482,297],"class_list":["post-2501","post","type-post","status-publish","format-standard","hentry","category-markets","category-podcasts","category-shownotes","tag-credit-crisis","tag-podcasts","tag-show-notes","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/2501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=2501"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/2501\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=2501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=2501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=2501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}