Below is a very lengthy (over 1 hour) talk by Buffett at the University of Florida in 1998. It is significant because of its length and the discussion of his involvement with Long Term Capital Management. He also waxes poetic for his love of Coca-Cola, both the stock and the beverage. After some introductions, "the Oracle of Omaha" begins speaking at the 3:15 mark.

A transcript of the talk can be found here.

_My alma mater was well represented on Forbes Magazine's 30 under 30 list. Congratulations to all the winners!

Their "heart is in the work"!

Press Release from CMU:
http://www.cmu.edu/news/stories/archives/2011/december/dec22_forbes30.html

The list at Forbes.com:
http://www.forbes.com/sites/michaelnoer/2011/12/19/the-30-under-30/

_Dealing with low interest rates has been a challenge for income oriented investors. Burton Malkiel of A Random Walk Down Wall Street has suggestions in The Wall Street Journal.
A quick summary:

• "Look for bonds with moderate credit risk where the spreads over U.S. Treasury yields are generous."
• "Consider substituting a portfolio of dividend-paying blue chip stocks for a high-quality bond portfolio."

Here at Schenley Park Advisors we believe Hedge Fund ETF's, the low cost & liquid cousin of the private investment vehicles, can be valuable to investors...if they select the right ones. Like anything else, some choices are much better than others. Our Fund of Funds strategy invests in the highest quality Hedge Fund ETF's for our clients.

Zack's Investment research agrees with us and profiles some of the better hedge fund ETF's in this article:
Does Your Portfolio Need A Hedge Fund ETF?

A sure sign of a bubble is when the average investor becomes enthralled with speculating in a market which they previously had no experience. The New York Fed examines this phenomena in “Flip This House”: Investor Speculation and the Housing Bubble.

"At the peak of the boom in 2006, over a third of all U.S. home purchase lending was made to people who already owned at least one house. In the four states with the most pronounced housing cycles, the investor share was nearly half—45 percent."

I like to call this the "Uncle Joe" indicator. When your Uncle Joe tells you to invest in Condos, Gold, or Internet Companies; its time to start selling.

This inspirational quote come from Mike Bellafiore of SMB Trading.

Those who have spoken with me regard career decisions have heard me refer to "knowing yourself" is key to making good decisions. This is in the same vein as quote above.

One more quote to cap it off "This above all: to thine own self be true".