Archive for December, 2008
New from Congressional Motors!
December 31st, 2008This is hilarious:
New from Congressional Motors
William Wilberforce
December 25th, 2008“Everyone should know Wilberforce,” Abraham Lincoln once said.
Wilberforce who? William Wilberforce.
I just put down an excellent biography by William Hague called William Wilberforce: The Life of the Great Anti-Slave Trade Campaigner.
First off, I had no idea who William Wilberforce was before I read this book, nor did I realize how great a man he was […]
Pondering Madoff
December 23rd, 2008David Kotok is the chief investment adviser and writes a market commentary for Cumberland Advisors. I love anything that quotes the Mishnah:
“For this reason, man [i.e. the first human being] was created alone to teach that whoever destroys a single life is as though he had destroyed an entire universe, and whoever saves a single […]
Harvard and Yale are Really Down Big Time
December 23rd, 2008This is a great post from Paul Kedrosky about Harvard’s real results are really, really bad right now. Seems that investment banks, brokers and commercial banks aren’t the only ones pretending things are better than they really are.
Harvard Losses
Negligence and Culpability
December 16th, 2008Tremont’s Rye Investment Management unit had $3.1 billion, virtually all of its assets, invested with Madoff, said the person, who declined to be identified because the information is private. Tremont had another $200 million invested through its fund of funds group, Tremont Capital Management.
“We believe Tremont exercised appropriate due diligence in connection with the Madoff […]
Our financial system is barely working
December 13th, 2008I received phone calls from two friends this week and I think they illustrate how our banking system and broader financial system is barely working.
A friend from the southeast of the U.S. called me on Monday and asked for my advice and help (please excuse my generalities to protect my friends and their exact situations […]
What Costco tells us about the Economy
December 12th, 2008This is a great blog post from Jeff Matthews:
Jeff Matthews Costco Post
Jon Stewart on the Auto Bailouts
December 5th, 2008This is hilarious:
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Barack Obama InterviewJohn McCain Interview
Sarah Palin VideoFunny Election Video
Jon Stewart Auto Bailout talk
Mauboussin on Strategy
December 1st, 2008This is a great writeup by a Michael Mauboussin who is a strategist for Legg Mason. I agree with his conclusions and the similarity between the flack Buffett received in 1999 is very similar to the flack he is getting today.
Mauboussin on Strategy
Separation
December 1st, 2008I am reading a wonderful new biography about William Wilberforce, the great British anti-slave trade campaigner. As part of the book, the author, William Hague, describes the slave trade, how slaves were kidnapped and transported in the most brutal conditions with no regard to health or humanity.
One of the more disgusting stories describes how […]