I’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 […]
READ MOREJim Cramer is full of it
Jim Cramer is a liar, a whore of financial community, and a person who really pretends to tell it like it is, but actually misleads people as much as he can. The reason I write this now is the interview he gives with Time Magazine that says that instead of really being contrite on the […]
READ MOREAtlanta as ground zero for Commercial Real Estate
“Separate developers in Buckhead are building four speculative office buildings at the same time with virtually no leasing activity. The 35 recent condominium projects will help give Atlanta a 40-year supply at the current sales pace. A $600 million outdoor shopping mall under way has suspended construction to save money.” Atlanta Commercial Real Estate
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 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
READ MOREGE as America
I think this blog post by John Hempton at Bronte Capital is probably the best blog post I’ve read all year and a must read analysis of GE. Here is one section that I loved: Speaking as an outsider I have to agree – America at its best is a wonderful place. It is amazingly […]
READ MORE$12 million bonuses are the problem
Someone please tell me how exactly GE has set up a pay package so that its CEO, Jeff Immelt, gets a $12 million bonus in a year like 2008. The only reason GE is not in bankruptcy is because of the Federal Government and Warren Buffett. Without these two lenders of last resort GE is […]
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