Archive for March, 2009
Maximum Pessimism
March 5th, 2009Sir John Templeton, arguably one of the greatest investors ever, died last year. His value investing philosophy and philanthropic values made a lasting impact on me. For those who don’t know about him, Sir John Templeton basically founded international investing in the U.S. in the 1950s and the 1960s through his Templeton funds, which were […]
Dow Bottom in 23 days
March 5th, 2009In 23 days the Dow Jones will bottom at zero if we keep falling in point terms what we fell today. Just a thought…
Daily Show skewers CNBC
March 5th, 2009Ouch.
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The Daily Show With Jon StewartM - Th 11p / 10c
CNBC Gives Financial Advice
Daily Show Full EpisodesImportant Things With Demetri Martin
Political HumorJoke of the Day
BMW sold 10 Series 7 cars in Feb
March 5th, 2009This has to be seen to be believed, but BMW in all of North America sold 10 of their expensive Series 7 sedan cars in February. 10 cars for ALL OF NORTH AMERICA IN AN ENTIRE MONTH. That was a 99% decrease from last year’s number of 1502.
Here is the link:
BMW sales plummet
GE as America
March 4th, 2009I think this blog post by John Hempton at Bronte Capital is probably the best blog post I’ve read all year and a must read analysis of GE. Here is one section that I loved:
Speaking as an outsider I have to agree - America at its best is a wonderful place. It is amazingly […]
Greed is good
March 3rd, 2009This is a wonderful interview with Milton Friedman discussing why greed and capitalism work. A nice reminder now that we are turning into the People’s Republic of America.
Animation of USAir 1549
March 2nd, 2009The following is an amazing real time recreation with the voices of air controllers and USAir pilots. I am even more in awe of Captain Sullenberger now than I was before. You realize how calm he was and how fast he had to react. All we hear are his conversations with air traffic controllers and […]
Niall Ferguson’s solution
March 2nd, 2009There is a great oped piece from Niall Ferguson on how best to combat the financial crisis and all I can say is that I absolutely agree with his analysis. Here are two snippets:
The harsh reality that is being repressed is this: the Western world is suffering a crisis of excessive indebtedness. Many governments are […]
Take a Chance on “Taking Chance”
March 1st, 2009I highly recommend that everyone who has HBO, watch their latest movie, Taking Chance, starring Kevin Bacon. It is one of the most moving and emotional movies I have seen in a long time. The movie is about an officer in the Marines escorting a Marine’s remains (Chance Phelps) home after he died in […]