This is an excellent talk by Dan Ariely on cheating. (Got this from Paul Kedrosky’s Infectious Greed blog).
READ MOREStill not sleeping
Harry Markopolos below talks about how he is still not sleeping well at night. This guy is a real hero in my book and really good man. I hope he realizes that he did much more than any other person involved in the Madoff scandal. He did his best to try to uncover the fraud. […]
READ MOREQuote of the Week
In one instance the regulators asked her about her role in preparing the Stanford International Bank quarterly report. She replied it was her job to edit the report, checking the report’s pie charts “to make sure they equal 100.” Pie chart comment
READ MOREDog Sledding
Great pictures from Boston.com on dog sledding. Check it out: Dog sledding
READ MOREDispelling myths about the 1930s stock market
This is a great article by Mark Hulbert from Barrons. Here is a snippet: MYTH 1: It took 25 years for the stock market to recover its losses from the high reached just before the stock market crashed in October 1929. It’s easy to see why investors believe this myth to be true: It wasn’t […]
READ MOREWhat would the Talmud say?
A friend emailed me this article in Time Magazine about what the Talmud would advise about the financial crisis. I continue to believe that the way out of this crisis is to focus on a shared trust and faith. Virtue and responsibility are to in order and a basic morality. All of the frauds, deceitful […]
READ MOREMaximum Pessimism
Sir 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 […]
READ MOREDow Bottom in 23 days
In 23 days the Dow Jones will bottom at zero if we keep falling in point terms what we fell today. Just a thought…
READ MOREDaily Show skewers CNBC
Ouch. 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
READ MOREBMW sold 10 Series 7 cars in Feb
This 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
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