At least one company is not hoarding cash any more.  Berkshire Hathaway (BRK-A) buys railroad Burlington Northern (BNI).  (WSJ, 24/7 Wall St., DealBook, FT Alphaville)

Warren Buffett is betting on the American economy (and continued stimulus spending).  (The Money Game, Beanieville, Fund My Mutual Fund, Big Picture, MarketBeat)

Black & Decker (BDK) was attractive in part because of its cash horde.  (Deal Journal also Breakingviews)

How the “leverage cycle” affects how much individuals are willing to pay for certain assets. (WSJ also Trader’s Narrative)

Howard Lindzon, “The few that made big coin in the stock market [since the March bottom] – in an honest way – were those that honored price.”  (Howard Lindzon)

What to do in the face of a VIX spike.  (VIX and More)

What Goldman Sachs (GS) likes in the commodity space.  (The Pragmatic Capitalist)

Pensions continue to up their allocations to emerging markets.  (Pensions & Investments)

An IPO filing shows that the retail forex business is rapidly growing and very, very profitable.  (FT Alphaville)

Brett Steenbarger, “..trading has to fit into your life; your life can’t fit into trading. Be who you are, and you will have the opportunity to become the best trader you can be.”  (TraderFeed)

Does Vanguard feel threatened by tactical asset allocation strategies?  (market folly)

The Supreme Court is considering big changes to mutual fund fees.  (Morningstar, Washington Post, Law Review)

There is one mutual fund firm cutting fees voluntarily.  (Fortune)

Consider your taxpayer funds “invested” in General Motors and Chrysler as good as gone.  (Deal Journal, NYTimes)

The Brits are not afraid to break up bailed out banks.  (Washington Post)

Hank Paulson’s “gift” to the banks added around a $100 billion in value by one estimate.  (Real Time Economics)

Just how close is the Fed to draining liquidity from the system?  (WSJ)

The Australian central bank hikes rates for the second time.  (The Money Game)

“There are people in the [investment banking] industry who, when you get right down to it, have no real interest in money. People who couldn’t give a flying f*** in a rolling donut whether they make $3 million, or $10 million, or $100 million a year, as long as they make more than the next guy.”  (Epicurean Dealmaker)

Should we feel sorry for any one following Jim Cramer’s stock calls?  (The Davian Letter)

Joshua Brown, “Guru, Rock Star, Wiz, Wunderkind, Prodigy, Hot Hand, Hotshot…if any of these terms are being used to describe you or the person managing your money, curl up in a ball and hide.”  (The Reformed Broker)

Did you know that the Motley Fool has raised some $80 million during its existence?  (paidContent)

Happy 3rd blogiversary!  (World Beta)

The 50 best movies of the decade (2000-2009).  (Paste Magazine)

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