Friday, February 03, 2006

How Warren Buffett made his first million

It was 1961.

It was the first upside up year since 1881. (write it backwards)

JFK became President.
Chimps flew into space.
China buys $60 million in grain from Canada.
Bay of Pigs fails.
Peace Corps created.
British sends troops to Kuwait to keep Iraq out.
Wayne Gretzky, Eddie Murphy, George Clooney, Dennis Rodman, Enya, Boy George, Princess Di, Scott Baio, Peter Jackson, and Meg Ryan were born.

Warren Buffett - Wikipedia, the free encyclopedia: "With the partnerships worth millions, Buffett made his first $1 million investment in a windmill-manufacturing company."

Could it be possible that 2006 is the year to make money in windmills again?

For the first time in over 20 years, the installed costs of wind plant went up rather than down over the course of a year.

Demand is outstripping supply.

With wind turbines in short supply and the US market booming under its renewed production tax credit, the country's major project developers are pursuing a strategy of buying equipment now and deciding what to do with it later. Advance orders for turbines in the US reached 2450 MW last month with the announcement of yet another major contract. We talked to the companies busy securing long term turbine supply. Read what they have to say in the January issue of Windpower Monthly.

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