Client 9: "In retrospect, I wish we had put more people in handcuffs."
Wednesday, November 30, 2011
Tuesday, November 29, 2011
Monday, November 28, 2011
Saturday, November 26, 2011
Seth Klarman (Baupost) interviewed by Charlie Rose
Seth Klarman, a legendary value investor and the head of The Baupost Group, is the author of Margin of Safety, a classic value investing text that is out of print and extremely pricey on Amazon.
Wednesday, November 23, 2011
Vineer Bhansali (PIMCO) interview on Bloomberg
Bhansali is a quant and risk management guru at Pimco. Sharp guy!
Jim Chanos interview on China (Bloomberg)
The Chinese Banking System is extremely fragile (excerpt).
Longer interviewTuesday, November 22, 2011
Interview with Wu Zhijian of Woodsford Capital
Wu Zhijian, CEO of Woodsford Capital Management has an excellent presentation (China into 2011: Bumpy Road Ahead) on the slowdown in China from Nov 2010 as well as a recent piece (China’s Reaction to European Debt Crisis) updating his thesis. A must-read!
William Cohan interview on Bloomberg
Cohan talks about Jefferies with Peter Tchir, founder of TF Market Advisors.
Friday, November 18, 2011
Dick Bove says bank stocks are cheap
"On a fundamental basis, it's almost impossible
to believe that these stocks are not dramatically underpriced"
Thursday, November 17, 2011
Kyle Bass interview with BBC on Europe
I finally was able to locate the recent Kyle Bass interview with the BBC. Why their website doesn't allow people outside the UK to access their videos, I'll never understand. Just stupid.
Mr Bass told Sarah Montague that Germany cannot be expected to bail out the PIIGS countries – Portugal, Ireland, Italy, Greece and Spain, and that only a massive write-down in those countries' debts will solve the crisis.
Part 1
Part 2
Mr Bass told Sarah Montague that Germany cannot be expected to bail out the PIIGS countries – Portugal, Ireland, Italy, Greece and Spain, and that only a massive write-down in those countries' debts will solve the crisis.
Part 1
Part 2
Wednesday, November 16, 2011
Tuesday, November 15, 2011
Interview with Steve Galbraith of Maverick Capital
Steve Galbraith, Partner at Maverick Capital at the 2011 University of Virginia Investing Conference on Markets Are Global but Politics Are Local
Liaquat Ahamed interview
Liaquat Ahamed, author of the delightful Lords of Finance, interviewed at the 2011 University of Virginia Investing Conference
Kyle Bass interview on Debt Sustainability
Kyle Bass interviewed at the 2011 University of Virginia Investing Conference event. Bass spoke on Debt Sustainability: Which Countries Are Beyond the Point of Return and Why.
Monday, November 14, 2011
RT Conversation with Ellen Brown, author of Web of Debt.
Conversation with Ellen Brown, author of Web of Debt.
60 Minutes piece on Congressional insider trading
Friday, November 11, 2011
Stratfor on Europe
Europe’s debt crisis exposed the vulnerabilities inherent in the Chinese economic model.
http://www.stratfor.com/analysis/20111109-portfolio-eurozone-debt-crisis-reveals-chinas-economic-weakness
http://www.stratfor.com/analysis/20111109-portfolio-eurozone-debt-crisis-reveals-chinas-economic-weakness
Hank Greenberg (former CEO) interview on Bloomberg
Greenberg Says U.S. to Hold AIG Stake for Long Time
Lakshman Achuthan interview on CNBC
Lakshman Achuthan gets into it on CNBC when asked to describe the components of ECRI's proprietary model.
Thursday, November 10, 2011
Jim Grant on Bloomberg
Jim Grant, of Grant's Interest Rate Observer, is the Hon. Ron Paul's choice for Fed Chairman.
Ben on Inflation
“We expect, based on the best information that
we have today, that [inflation] will remain reasonably close to our objective of 2
percent or a bit less for the foreseeable future”
- Ben Bernanke in prepared remarks for a town hall- style meeting with soldiers at Fort Bliss in Texas.
- Ben Bernanke in prepared remarks for a town hall- style meeting with soldiers at Fort Bliss in Texas.
Wednesday, November 9, 2011
Friday, November 4, 2011
Sean Egan on CNBC
Sean Egan, head of credit rating agency, Egan-Jones, on CNBC explaining his firm's downgrade of Jefferies.
Here a previous interview with Egan that was posted on this blog.
Here a previous interview with Egan that was posted on this blog.
Thursday, November 3, 2011
Interview with the millionaire teacher
Tradestreaming interviews Andrew Hallam, the author of Millionaire Teacher: 9 Rules of Wealth You Should Have Learned in School
The Millionaire Teacher: How to begin saving and building wealth - with Andrew Hallam by tradestreaming
The Millionaire Teacher: How to begin saving and building wealth - with Andrew Hallam by tradestreaming
Wednesday, November 2, 2011
Niall Ferguson interview with Henry Blodget on the Daily Ticker
Fresh off his take-down of Jeffrey Sachs on Fareed Zarkaria's GPS show, Niall now tackles the US debt and deficits. Taking on huge new debts assuming that rates will remain low forever is akin to playing "Russian Roulette" he says.
Niall Ferguson and Jeffrey Sachs get into it on Fareed Zarkaria
Niall isn't a shy man, and he rips into Sachs for (as he sees it) blaming Wall Street and the 1% for all our troubles today. He actually calls Sachs a "demagogue". He sees the real problem as declining social mobility.
Things start getting interesting at the 2:55 minute mark.
Things start getting interesting at the 2:55 minute mark.
Tuesday, November 1, 2011
An Interesting Essay on "Luck"
What’s Luck Got to Do With It?
A very good read
in the NYT on the role of luck (written by Jim Collins, the well known writer
of From Good To Great, and Morten Hanson). They studied so-called 10Xers, entrepreneurs
whose companies outperformed their competition by a factor of 10, and conclude that
luck doesn’t cause 10X success since 10Xers and non-10Xers have roughly the
same incidence of “luck events.” Rather the key metric is ROL or the Return on Luck – the ability to recognize luck, seize it, and to sustain a fanatically high
level of effort over time.
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