Marele investitor, sau marele manipulator … ????? W.Buffet!

Posted: June 4, 2010 in Burse
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Moodys business model!

Mark Froeba, unul dintre fostii membrii ai executivul Moodys a vorbit in cadrul audierilor Financial Crisis Inquiry Commission (organism infiintat in mai 2009 pentru a examina cauzele crizei financiare), a vorbit despre modul in care modelul de business s-a schimbat in ultimii 7 ani anteriori crizei. Mai précis – de la momentul care, in actionariatul Moodys a intrat Berkshire Hathaway / companie detinuta de celebrul Buffet! Ideea e ca Buffet ar putea sa nu fie unul dintre cei mai mari investitori … ci … unul dintre cei mai mari manipulatori!

Ce zice Froeba:

“Cand am venit in Moodys, la finele anului 1997, cea mai mare temere a unui analist de la Moody’s era aceea de a nu contribui la un rating gresit, care sa afecteze reputatia Moody’s si prin asta, sa-si piarda job-ul!

Cand am parasit Moodys in 2007, cea mai mare temere a unui analist era aceea de a nu face ceva de natura a-l impiedica sa pune in pericol cota de piata si veniturile companiei, ori de a aduce atingere relatiilor pe care Moodys le avea cu clientii … si astfel sa-si piarda slujba!”

Potrivit acestuia, schimbarea a inceput in 2000, cand Berkshire a devenit actionar semnificativ al Moodys! (cu aproximativ 14% la finele primului trimestru din 2010, alaturi de alti jucatori de calibru – vezi lista actionarilor Moodys’s). El sugereaza ca Bufet ar fi cel care a influentat aceasta schimbare!

Interesant este faptul ca, mai multi executive ai Moody’s au declarat in cadrul acelorasi audieri ca s-au intalnit si cu vorbit cu Buffet, exprimandu-si fata de acesta ingrjorarile cu privire la rating-urile pe care agentia le-a dat … dar Buffet NEAGA faptul ca ar fi fost instiintat cu privire la astfel de posibile probleme!

Mai jos link-ul pe care veti gasi si singuri suficient de multe informatii suplimentare pentru a va face propriul punct de vedere.

http://industry.bnet.com/financial-services/10009836/warren-buffett-shows-again-how-he-plays-both-sides-of-the-street/

Iar aici, inregistrarea video a declaratiilor facute de Buffet!

http://www.c-span.org/Watch/Media/2010/06/02/HP/R/33689/Financial+Crisis+Inquiry+Commission.aspx

Enjoy it! Si week-end placut!

Lista actionari Moody’s

Moodys Corp Com
Summary
Tradable Shares O/S 237.000.000
Float (%) 100,000 %
Free Float 236.572.271,000
All Holders
Holder Name Position % O/S Report Date
Berkshire Hathaway Inc. 30.783.876 12,990 % 31-Mar-2010
Capital Research Global Investors 24.375.000 10,280 % 31-Mar-2010
Fidelity Management & Research 24.154.042 10,190 % 31-Mar-2010
Capital World Investors 23.745.000 10,020 % 31-Mar-2010
Davis Selected Advisers, L.P. 19.297.717 8,140 % 31-Mar-2010
BlackRock Institutional Trust Company, N.A. 7.360.174 3,110 % 31-Mar-2010
Vanguard Group, Inc. 7.038.210 2,970 % 31-Mar-2010
State Street Global Advisors (US) 6.957.677 2,940 % 31-Mar-2010
Morgan Stanley Investment Management Ltd. (UK) 6.574.663 2,770 % 31-Mar-2010
Invesco Advisers, Inc. 6.008.637 2,540 % 31-Mar-2010
Wellington Management Company, LLP 5.827.879 2,460 % 31-Mar-2010
Neuberger Berman, LLC 4.462.735 1,880 % 31-Mar-2010
BlackRock Financial Management, Inc. 2.661.282 1,120 % 31-Mar-2010
Fir Tree Partners 2.516.409 1,060 % 31-Mar-2010
Citadel Investment Group, L.L.C. 2.494.203 1,050 % 31-Mar-2010
Union Investment Group 2.079.398 0,880 % 31-Oct-2009
Morgan Stanley Investment Management Inc. (US) 1.894.218 0,800 % 31-Mar-2010
Independent Franchise Partners LLP 1.885.806 0,800 % 31-Mar-2010
TIAA-CREF 1.777.438 0,750 % 31-Mar-2010
Analytic Investors, LLC 1.703.686 0,720 % 31-Mar-2010
T. Rowe Price Associates, Inc. 1.612.664 0,680 % 31-Mar-2010
Northern Trust Investments, N.A. 1.530.513 0,650 % 31-Mar-2010
Baillie Gifford & Co. 1.515.883 0,640 % 31-Mar-2010
Norges Bank 1.505.895 0,640 % 31-Dec-2009
CI Investments Inc. 1.336.400 0,560 % 31-Mar-2010
BNY Mellon Asset Management 1.319.638 0,560 % 31-Mar-2010
Marathon Asset Management LLP 1.305.720 0,550 % 31-Mar-2010
Threadneedle Asset Management Ltd. 1.282.318 0,540 % 30-Nov-2009
MFS Investment Management 1.274.583 0,540 % 31-Mar-2010
Mitsubishi UFJ Trust and Banking Corporation 1.182.515 0,500 % 31-Mar-2010
BlackRock Advisors (UK) Limited 1.145.105 0,480 % 31-Mar-2010
Mellon Capital Management Corporation 1.020.099 0,430 % 31-Mar-2010
Evergreen Investment Management Company, LLC 1.000.452 0,420 % 31-Mar-2010
First Manhattan Company 997.428 0,420 % 31-Mar-2010
Geode Capital Management, L.L.C. 886.854 0,370 % 31-Mar-2010
Legal & General Investment Management Ltd. (UK) 886.686 0,370 % 31-Mar-2010
Columbia Management Investment Advisers, LLC. 873.557 0,370 % 31-Mar-2010
J.P. Morgan Investment Management Inc. (New York) 871.904 0,370 % 31-Mar-2010
APG Asset Management 842.359 0,360 % 31-Mar-2010
New York State Teachers’ Retirement System 822.583 0,350 % 31-Mar-2010
Diamondback Capital Management, L.L.C. 801.766 0,340 % 31-Mar-2010
BlackRock Investment Management, LLC 775.294 0,330 % 31-Mar-2010
Bank of America Merrill Lynch (US) 767.543 0,320 % 31-Mar-2010
INTECH Investment Management LLC 753.556 0,320 % 31-Mar-2010
Marshfield Associates, Inc. 723.910 0,310 % 31-Mar-2010
Van Kampen Asset Management 713.564 0,300 % 31-Mar-2010
Goldman Sachs Asset Management (US) 707.661 0,300 % 31-Mar-2010
Columbia Management Advisors, LLC 690.922 0,290 % 31-Mar-2010
New York State Common Retirement System 684.581 0,290 % 31-Mar-2010
F&C Asset Management plc 683.275 0,290 % 31-Mar-2010

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