In Israel, the right controls about 40% of the vote give or take 5% and the left controls about 40% of the vote give or take 5%. Several minority parties control the rest of the vote, but none of those parties are as powerful as the ultra orthodox, which controls about 10% of the vote. […]
READ MOREAn interesting bet
Warren Buffett has bet a fund of hedge funds that a hand selected group of hedge funds will not outperform the S&P. Very interesting. Which side would you bet on? Warren Buffett bet
READ MOREProcess and Success
There was a fantastic article in the New Yorker magazine (the May 12th, 2008 issue) about Toyota and its “open secret of success.” What the article discussed was Toyota’s relentless pursuit of improving the process of making automobiles. From the fact that any employee can pull an “andon cord” and stop the entire assembly line […]
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 MOREIncome Inequality
Great blog post from the NY Times on how income inequality is lower that conventional wisdom thinks. Income Inequality
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 MOREYom Hashoah Story
So in honor of Yom Hashoah, Holocaust Remembrance Day, I thought I would share a story of one Holocaust survivor that I have had the honor of knowing. I just saw her yesterday. It was sad for me because she recently had a stroke and I remembered her from before her stroke. She was still […]
READ MOREWhen Insiders Stop Selling
Below is a link to a fascinating piece of academic research on insider buying and selling. The most interesting part of this document is what they found when insiders stop selling. Many people conclude this to be a bullish sign and counter intuitively it may be the exact opposite. It may mean a crash is […]
READ MOREVengeance
There is a fascinating and thought provoking article by Jared Diamond in the latest New Yorker. Jared Diamond is the author of such books as Guns, Germs and Steel:The Fate of Human Societies. This article is about vengeance and how state governments play in the role of removing vengeance from societies. It is absolutely fascinating […]
READ MOREGreat Washington Post article
This article by the Pulitzer Prize winning writer Gene Weingarten is hilarious. He traps himself in a room for 24 hours with 6 TVs, 2 radios and a computer and forces himself to watch the news and listen to talk radio. Very funny… Gene Weingarten on 24 hour news binge
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