02/11/10 Baltimore, Maryland – 13-F filings. Usually, they’re like watching grass grow — unless someone from Berkshire Hathaway is involved. Tuesday was a little different.
In short, 13-Fs are the form institutional investors have to send the SEC when moving $100 million or more. This 13-F, dear reader, is one everyone should see:
These investments weren’t all made in the fourth quarter of 2009. And they total less than $10 billion. But still… the biggest holder of the US national debt is slowly purchasing a very diverse set of US enterprises.
Addison Wiggin
Addison Wiggin is the executive publisher of Agora Financial, LLC, a fiercely independent economic forecasting and financial research firm. He’s the creator and editorial director of Agora Financial’s daily 5 Min. Forecast and editorial director of The Daily Reckoning. Wiggin is the founder of Agora Entertainment, executive producer and co-writer of I.O.U.S.A., which was nominated for the Grand Jury Prize at the 2008 Sundance Film Festival, the 2009 Critics Choice Award for Best Documentary Feature, and was also shortlisted for a 2009 Academy Award. He is the author of the companion book of the film I.O.U.S.A.and his second edition of The Demise of the Dollar… and Why it’s Even Better for Your Investments was just fully revised and updated. Wiggin is a three-time New York Times best-selling author whose work has been recognized by The New York Times Magazine, The Economist, Worth, The New York Times, The Washington Post as well as major network news programs. He also co-authored international bestsellers Financial Reckoning Day and Empire of Debt with Bill Bonner.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
Hopefully they won’t lose their shirts when the market hits the fan.
I would consider buying some of them when the market finally hits bottom, but with the PPT making sure we never see the market dive below 10,000 for more than a day or two, the bottom might never be reached again.
Harry can make his final appearance and gloat until the cows come home.