T. Boone Pickens, the most famous hedge fund manager focusing on energy, has a plan to solve the US dependence on oil. He believes wind energy is the solution. Listen to what he has to say in the original video presentation below by T. Boone Pickens:

Click the title of this blog entry to watch more T. Boone Pickens' videos on energy and share it to your friends.

Here is recent Charlie Rose interview on April 10, 2008 where George Soros , the global speculator and hedge fund manager, discusses his latest book The New Paradigm for Financial Markets: The Credit Crash of 2008 and What It Means. Soros talks about the current financial crisis and its impact on America's position in the world, as well as how these problems are the result of a flawed paradigm.

Video of the interview can also be viewed here.

For more great books authored or related to George Soros, click the title of this blog entry.

This is the chance of a lifetime to experience first hand the one-and-only Warren Buffett. As CEO of Berkshire Hathaway, Mr. Buffett is the world's greatest investor and the richest person in the world (according to Forbes in March 2008). He is famed for his strikingly successful investment strategies and is as well known for his personal integrity as his business savvy. He is, quite simply, a legend, and he will sit down with you and up to seven of your friends for lunch.

Mr. Buffett will dine with the winning bidder and up to seven friends at Smith and Wollensky in New York, which has been called “the steakhouse to end all arguments” by The New York Times. A mutually agreed upon date and time for the lunch will be selected by Mr. Buffett and the winning bidder.  100% Benefits the Glide Foundation & it's Many Services.

All bidders must pre-qualify. The opening bid is $25,000. This package does not include any items, services, travel or accommodations that are not detailed in the above description.

Click here to go to Warren Buffett Power Lunch auction (the lunch is auctioned on eBay).

Background: Who is Warren Buffett? For more detail, please click the title of this blog entry.

"If you're in the luckiest 1 per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent."
~ Warren Buffett

UndervaluedSecurities.com - Be a better investor!

Here is the Short-Term Energy Outlook of Global Petroleum published on June 10, 2008 by Energy Information Administration (EIA)
(Next Update: July 8, 2008)
Source: EIA

The combination of rising consumption, further downward revisions in the supply outlook for countries outside of the Organization of the Petroleum Exporting Countries (OPEC), and low surplus production capacity reinforce the perception that supply is having a difficult time keeping up with demand growth, accounting for much of the upward trend in oil prices.  Consumption in countries outside of the Organization for Economic Cooperation and Development (OECD) continues to grow rapidly, offsetting weaker consumption in OECD countries, especially the United States.  Declining production in a number of non-OPEC nations, including Mexico, United Kingdom, and Norway, is largely offsetting increases in other countries.  Slow growth in non-OPEC supply is coinciding with disruptions in supplies from some OPEC countries, such as Nigeria.  Ongoing geopolitical concerns in several producing countries, including Venezuela and Iran, have contributed to oil price volatility.

The market remains concerned that the cushion of surplus production capacity of less than 2 million bbl/d (almost all located in Saudi Arabia) and/or stocks is insufficient to protect against possible changes in supply or consumption, especially as we enter the summer hurricane season.  The absence of a Saudi commitment to add capacity beyond its current goal of 12.5 million bbl/d adds to the uncertainty about the adequacy of future supply capacity growth.

For more detail, click the title of this blog entry...

"If you want to succeed you should strike out on new paths, rather than travel the worn paths of accepted success."
~ John D. Rockefeller

UndervaluedSecurities.com - Be a better investor!

Below is interview video of Matt Simmons on Bloomberg. He talks about peak oil, oil prices, and whether recession can lower the cost of gas. For those who do not know who Matt Simmons: Mr. Simmons is Chairman of Simmons & Company, the only independent investment bank specializing in the entire spectrum of the energy industry. Founded in 1974, the firm has acted as financial advisor in over $123* billion of transactions, including 511 merger and acquisitions worth over $88 billion. Simmons has served as co-manager on over $30 billion in public debt and equity offerings. Therefore, investors or speculators who are involved in energy investment and trading respects his opinions.

Matt Simmons on Bloomberg talking about peak oil, oil prices, and whether recession can lower the cost of gas. Simmons says raised Saudi oil output is `Drop in Bucket'( June 17, 2008).

Other interview videos related to peak oil (including interview of T. Boone Pickens): read on...

Interview of global business leaders at Davos 2008 Meeting (back in Jan 2008) discussing sovereign wealth funds are now estimated to be as large as US$ 2.5 trillion and expected to reach US$ 12 trillion in 2015. What is their impact on the global economy?

Meeting Participants:

• Richard S. Fuld Jr, Chairman and Chief Executive Officer, Lehman Brothers, USA
• Kristin Halvorsen, Minister of Finance of Norway
  
• Muhammad S. Al Jasser, Vice-Governor of the Saudi Arabian Monetary Agency
  
• Robert M. Kimmitt, US Deputy Secretary of the Treasury
  
• Aleksey Kudrin, Deputy Prime Minister and Minister of Finance of the Russian Federation
  
• Bader M. Al Sa'ad, Managing Director, Kuwait Investment Authority (KIA), Kuwait
  
• Stephen A. Schwarzman, Chairman and Chief Executive Officer, The Blackstone Group, USA
  
• Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA
  

Meeting Moderator:

• Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom

Interview of Peter G. Peterson, co-founder and senior chairman of The Blackstone Group. Mr. Peterson believes the most important issue/problem in the US economy is that people in the U.S. do not have enough savings (in fact, negative saving rate) and have tremendous debt level and must depend on foreign capital. He also does not see
Chinese as a threat but rather as an ally.

Other interview of Pete Peterson:  read on...

Interviews of Bill Miller, Portfolio Manager of Legg Mason Value Trust in May 2008 (source: Morningstar)

When to Hold, When to Fold (with Morningstar)

Read on...

Recent interviews of George Soros, the famous hedge fund manager of Soros Fund Management.

George Soros interview with Forbes in May 2008: Billionaire investor says commodity bubble will burst; stock runup is a rally in a bear market:

http://www.forbes.com/video/?video=fvn/streettalk/bl_st_soros050708b

Harvard University CPL director David Gergen interviews George Soros, Chairman of Soros Fund Management and the Open Society Institute in May 2008:

More interviews....read on....

There is a great school of business in Western Ontario, Canada named Richard Ivey School of Business that teaches value investing to identify undervalued securities as coined by Benjamin Graham, the father of security analyst and Warren Buffett's teacher & mentor. The school even has a center for value investing: The Ben Graham for Value Investing. The center regularly invites prominent value investors to speak at its conferences and lectures, capturing the invaluable thoughts, ideas, and philosophies of prominent value investors. Read on...