Guess what your return would have been had you invested in China in March of 1998, ten years ago. Consider before you answer that the last ten years has been unstoppable GDP growth, a miracle in terms of economic change. China has emerged on the scene as an economic powerhouse and it is on the […]
READ MORE“What do you do for a living?”
I had a conversation with one of my best friends this weekend and we talked about many things. My friend was commenting on how much I had changed and asked me about some of the steps I had taken to effect that change. And we touched on a very important point that has been of […]
READ MOREInept Congressmen
Run don’t walk to Jeff Matthews latest post on his dealings with Congress about whether hedge funds are responsible for the rise in the price of oil. Jeff Matthews on congress blaming hedge fundes
READ MOREDoes Socialism Help Nature Kill and Hurt People?
This is an excellent blog post from Will Wilkinson’ blog, The Fly Bottle. It discusses what few people are talking about in regards to the Burma natural disaster: the helping hand that socialism gives to killing people, destroying homes and hurting a country. Check it out: Socialism hurts
READ MOREThis Mismatch Problem When Hiring
The below link is a very thought provoking video of Malcolm Gladwell from the New Yorker Magazine conference talking about the mismatches of NHL combines, hiring of teachers and the Wunderlick test for judging the the intelligence of quarterbacks. Very interesting. Malcom Gladwell video on Mismatches
READ MOREIncome Inequality
Great blog post from the NY Times on how income inequality is lower that conventional wisdom thinks. Income Inequality
READ MOREMohnish Pabrai story
I really respect Mohnish Pabrai, especially after I had the chance to meet him in person. Here is a good interview with him from Smartmoney: Mohnish Pabrai interview
READ MORECognitive Surplus
Very interesting talk on the concept of cognitive surplus, described by Clay Shirky. This link is from Barry Ritholz’s blog, The Big Picture: Cognitive Surplus
READ MOREHigher Oil Prices are Great
Higher oil prices are great. Before I explain why, let me step back for a second and explain the power of Capitalism and the information that prices convey. When a commodity or a service gets scarce or there is too much demand for that service, the price rises. The power of that price rise is […]
READ MOREFantastic Value Investing Congress
I was invited by Whitney Tilson and John Schwartz to speak at their Value Investing Congress in Pasadena on May 7th. For me this conference was an absolute thrill. From meeting other money managers that I have admired from afar, to listening to excellent well researched presentations by some of the best and most successful […]
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