Archive for the 'Psychology' Category
Mea Culpa
May 14th, 2009I’ve been meaning to write this for awhile, but I think now is a good time to write this.
I have been very wrong the past year. I’ve been wrong on specific stocks and the direction of the market. I’ve lost my investors and others lots of money despite my hard work and research. After 10 […]
The Attraction of Gold
April 22nd, 2009Really interesting blog post about the attraction of gold: Attraction of gold
Life Lessons From the Family Dog
April 3rd, 2009New York Times editor Dana Jennings is coping with prostate cancer and wrote a blog post about his dog. I feel the same way about my dog, Frankie. Here is a snippet:
In spending so much time with Bijou, I began to realize that our dogs, in their carefree dogginess, make us more human, force us […]
I feel sorry for Microsoft
February 13th, 2009I feel sorry for Microsoft. They sooooo want to be liked and be cool, it is painful to watch. Like the awkward, dorky kid who does all of the wrong things, they just want to fit in. The latest announcement that they will open stores like Apple is particularly telling. Instead of coming out with […]
What happens when money and business define you?
January 8th, 2009The economic crisis descending upon us is having a profound impact on many people’s lives. One of the most troubling things to witness is the rise in suicides, especially high profile suicides. The past two days news of US property mogul, Sheldon Good, and the German business magnate, Adolph Merckle, have graced the front pages […]
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 […]
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 […]
Who owns these stocks?
November 17th, 2008After months of internal debate at Goldman, the seven top executives at the firm, including Chief Executive Officer Lloyd Blankfein, asked the board’s compensation committee to grant them no bonuses. The board approved the request on Sunday.
The executives will only be eligible for their base salaries, $600,000 for each. A firm spokesman said the executives […]
Adversity and Underprivilege
November 17th, 2008There is a fascinating article in the New Yorker by Malcolm Gladwell on how outsiders and the underprivileged sometimes have an an advantage. He profiles Sidney Weinberg, the guy who transformed Goldman Sachs into a powerhouse, and how he came from a very poor upbringing. Its a really good read.
Malcolm Gladwell on adversity