Commentaries from public figures.

Letters from several giants of Wall Street, turn up this week. One of the benefits of not watching markets too closely is that you get time to read a lot of thought-provoking material.

a) Buffett’s (HERE)  touts book value as an indicator.

b) Grantham who quotes Shakespeare several times and wonders about capitalism (HERE). At about $100 billion under management, his funds are about half the size of Berkshire.

c) Bill Gross at PIMCO (HERE) wants to play defense.

Some sign of market weakness today, but I am not buying (either the weakness or any stocks). Although Gold does look overdone.

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