Archive for May, 2008
Inept Congressmen
May 23rd, 2008Run don’t walk to Jeff Matthews latest post on his dealings with Congress about whether hedge funds are responsible for the rise in the price of oil.
Jeff Matthews on congress blaming hedge fundes
Does Socialism Help Nature Kill and Hurt People?
May 21st, 2008This is an excellent blog post from Will Wilkinson’ blog, The Fly Bottle. It discusses what few people are talking about in regards to the Burma natural disaster: the helping hand that socialism gives to killing people, destroying homes and hurting a country. Check it out:
Socialism hurts
This Mismatch Problem When Hiring
May 21st, 2008The below link is a very thought provoking video of Malcolm Gladwell from the New Yorker Magazine conference talking about the mismatches of NHL combines, hiring of teachers and the Wunderlick test for judging the the intelligence of quarterbacks. Very interesting.
Malcom Gladwell video on Mismatches
Income Inequality
May 20th, 2008Great blog post from the NY Times on how income inequality is lower that conventional wisdom thinks.
Income Inequality
Mohnish Pabrai story
May 16th, 2008I really respect Mohnish Pabrai, especially after I had the chance to meet him in person. Here is a good interview with him from Smartmoney:
Mohnish Pabrai interview
Who are they kidding?
May 15th, 2008The government reported on Wednesday that inflation was tame and lower than expected. The markets rallied on the news. But look into the numbers and one realizes that they are useful as Argentina’s or Venezuela’s inflation statistics.
Our esteemed government let us know that the price of gasoline fell 2% in April. While in the real […]
Cognitive Surplus
May 12th, 2008Very interesting talk on the concept of cognitive surplus, described by Clay Shirky. This link is from Barry Ritholz’s blog, The Big Picture:
Cognitive Surplus
Higher Oil Prices are Great
May 11th, 2008Higher oil prices are great. Before I explain why, let me step back for a second and explain the power of Capitalism and the information that prices convey. When a commodity or a service gets scarce or there is too much demand for that service, the price rises. The power of that price rise is […]
Fantastic Value Investing Congress
May 8th, 2008I was invited by Whitney Tilson and John Schwartz to speak at their Value Investing Congress in Pasadena on May 7th. For me this conference was an absolute thrill. From meeting other money managers that I have admired from afar, to listening to excellent well researched presentations by some of the best and most successful […]
MSFT vs YHOO? Really, who cares?
May 4th, 2008You should spend exactly 15 seconds thinking about the MSFT/YHOO drama. Its interesting yes, but it is completely distracting and offers no real opportunity to help you invest wisely or make money in the market. Why? Because your goal should be to find the companies and stories that aren’t on the front page or even […]