This is hilarious: New from Congressional Motors
READ MOREWilliam Wilberforce
“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 […]
READ MOREPondering Madoff
David 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 […]
READ MORENegligence and Culpability
Tremont’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 […]
READ MOREOur financial system is barely working
I 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 […]
READ MOREWhat Costco tells us about the Economy
This is a great blog post from Jeff Matthews: Jeff Matthews Costco Post
READ MOREJon Stewart on the Auto Bailouts
This is hilarious: Barack Obama InterviewJohn McCain Interview Sarah Palin VideoFunny Election Video Jon Stewart Auto Bailout talk
READ MOREMauboussin on Strategy
This 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
READ MORESeparation
I 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 […]
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