Warren Buffett once remarked that successful investing consists of long periods of inactivity, bordering on sloth. That pretty much describes my attitude towards investing coming into the new year. If we are going to have more of the October massacre, then we should at least seek cover and conserve cash.

On Thursday, South Korea announced the arrest of a financial blogger accused of undermining the country’s financial markets with his doom-mongering. “Minerva,” as the blogger is known, gained instant fame for uncannily accurate forecasts on the fall of Lehman Brothers and the crash of the Korean won, which plunged 26 per cent against the dollar last year.

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Read more on Investing in Korea at Wikinvest

I wish all readers of Jeflin’s Investment Blog a Happy New Year in 2009.
The past year has been sobering for taxpayers, retail investors and fund managers, what with severe declines in housing, mortgages, banking, stock markets, commodities, retail, automotive, shipping industry, etc. The extreme volatility in 2008 may be over but more of the same […]