Tag Archives: warren buffet

ETF Industry’s Spiderwoman Spins New Web To Advance Bitcoin ETF

Spiderwomanmarketmuse.com blog post courtesy of extract from bloomberg.com and Christopher Condon

Tyler and Cameron Winklevoss are fighting for approval from regulators for their proposed bitcoin exchange-traded fund. They stand a chance because Spiderwoman is on the case.

So nicknamed for her work on State Street Corp.’s “Spider,” the first ETF when it came to market in 1993, Kathleen Moriarty is the lawyer attempting to shepherd the Winklevoss Bitcoin Trust through the U.S. Securities and Exchange Commission. The twins, famous for their dispute with Facebook Inc. founder Mark Zuckerberg, aim to roll out the first ETF that invests in a virtual asset, an idea that has its skeptics.

“She brings instant credibility to a less-than-credible investment product,” Todd Rosenbluth, director of mutual fund and ETF research at S&P Capital IQ. Continue reading

The Buffet ETF

wallstcheatsheet Courtesy of WallStreet Cheat Sheet

Warren Buffett is one of the most successful investors in history. The chief executive officer and largestshareholder of Berkshire Hathaway (NYSE:BRKA) has navigated numerous bull and bear markets, becoming a multi-billionaire in the process. As a result, he is also one of the most closely followed investors. Courtesy of a new filing, individual investors have a peek at how Buffett is investing.


The Oracle of Omaha is best known as a value investor who takes large positions in well-established companies, waiting for Mr. Market to value them properly. His recent filing with the SEC reaffirms that image. Berkshire Hathaway raised its stake in Suncor Energy (NYSE:SU) and Verisign(NASDAQ:VRSN), but its biggest investments include some of the most popular blue chips known to Wall Street. Here’s a look at Berkshire’s top ten stocks, according to dollar value at the end of September. To continue reading, please click here to visit WallStreet CheatSheet

Bogle Boggles and Balks re: ETFs

In the category of  “He who speaks with forked tongue…” Index Icon and Vanguard Group founder John Bogle once again threw a curve ball while speaking at today’s Bloomberg Portfolio Manager Mash-Up.

John Bogle, Vanguard Group founder

Stating “ETFs are the greatest trading innovation of the 21st century,” what the Midas of Mutual Funds added with a big (*) was : “But the question is,  ‘Are they the greatest investment innovation?’ and the answer is ‘no.”

According to coverage of the event, fully credited to InvestmentNews, Bogle pulled no punches by calling out BlackRock for “just making a muddy pool muddier” in reference to BlackRock’s aggressive product launches. Bogle, who is also known as the “Midas of  Mutual Funds”, reminded the Bloomberg conference attendees “There’s something like 2000 ETFs now. That’s almost as many stocks as there are.”

One attendee then asked Mr. Bogle, “How many mutual funds are there?” In lieu of replying, he headed to the loo, where the self-proclaimed Buffet-like Market Bull took a bio break.