Archive for January, 2010

Paper Money Printing is akin to Counterfeiting

January 29th, 2010

Kevin Bambrough is the CEO of Sprott Resource (Toronto: SCP) and he also works at Sprott Asset Management. He just posted a fantastic defense of gold. But in defending gold, he actually turns the argument around and instead says that paper money should be on trial, not gold. I have bolded the parts that I […]

Public Employee Unions Bankrupt California

January 26th, 2010

“There are now more than 15,000 government retirees statewide who receive pensions that exceed $100,000.”
That statement right there from an eye-opening editorial in the Wall Street Journal is not getting enough attention. How about these figures:
1) Policemen, firefighters, and prison guards can retire at age 50 and receive 90% of their last year salary for […]

Bravo to Jefferies & Company

January 19th, 2010

In an age of greed and ridiculous bonuses, it is wonderful to see at least one Wall Street firm step up and surprise people with their generosity, which is what Jefferies & Company did on Friday. The brokerage donated $1 million and then donated all trading commissions from Friday, plus employees chipped in their salaries. […]

Seth Klarman Harvard Interview

January 18th, 2010

Seth Klarman is one of the greatest investors ever, in my humble opinion. Check out his interview with Harvard Business School:
Seth Klarman Harvard interview

Triple Digit Oil Will Radically Change World Economy

January 17th, 2010

This is a fantastic talk by Jeff Rubin, the former economist from CIBC about peak oil, triple digit oil prices and the changes coming to the world economy.

This talk is basically an encapsulation of his book, Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization.