China caused waves across our portfolio. First of all, in an admission that something was needed to set GNP growth back on track, China cut interest rates in a new stimulus initiative.

Buffett compares voting against excess executive pay to burping at the dinner table. You will be banned to the kitchen if you do this, he remarked at the weekend Omaha rally when criticized for backing the high and dilutive payouts at Coca Cola, where Berkshire Hathaway is a major shareholder.

While StarMine data shows that Q1 results at small and microcap companies have missed estimates 56% of the time, large companies in Q1 were 52% likely to match or beat estimated earnings.

Global investment advice for those in their "golden years".

More follows starting with news about closed-end funds, with other information from Canada, Greece, Britain, Ireland, Colombia, Brazil, The Netherlands, Israel, and India.

IRL reduces stake in Paddy Power, sketchy accounting at Eaton Vance (EXG) and Thomas J. Herzfeld Advisors to cease publishing The Investor's Guide to Closed End Funds.