I 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 […]
READ MOREGreat Rant
This is a great rant by Congressman Capuano:
READ MORERail Shipments of Cars and Metals
This post from Paul Kedrosky is absolutely stunning. A 63% drop in car shipments in January? Janaury Rail shipments
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 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 MOREWho owns these stocks?
After 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 […]
READ MOREBuffett addresses the market
This is an absolute must read to everyone scurrying for cash right now: Buffett speaks
READ MOREThe United States of Pakistan
The actions of the SEC of banning short selling and forcing short sellers to publicly report their short positions are a disaster waiting to happen. The new rules will cause liquidity in the stock market to fall even more than it already has and will result in uncertainty at a time when we desperately need […]
READ MOREPuking of stocks
Howard Lindzon writes what I think is an excellent column on the forced selling and puking of stocks in the US and in Canada. Check it out: Puking of Stocks
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