Just spent some time reading this interview with Warren Buffett, and I remembered some of the best financial advice in the world is available in his newsletters for free: Berkshire Hathaway Annual Shareholder Letters My favorites from the post: “Success is getting what you want, happiness is wanting what you get.” I won the ovarian [...]
Have you ever heard Twelve Tone classical music? In undergrad I overly ambitiously signed up for an advanced “set theory” class which met once a week at a famous professor’s house, where he served us giant bowls of ice cream and we played “guess this song” with this 12 tone classical music. I guess partly [...]
The government has finally acted to address the increasingly bloody residential real estate markets. In a plan that includes a refund check to taxpayers, the government also agreed to lift the loan limit that Freddie Mac and Fannie Mae can purchase, which basically has the effect of lowering interest rates for loans above the previous [...]
According to Bloomberg, the mega quant fund AQR is down huge already this year: AQR Hedge Fund Fell Almost 15% Through Mid-February Why do these guys who have hired the most brilliant PHD’s and built the biggest model continue to fail? The past is not indicative of the future…especially when you never had credit markets [...]
This site has some ridiculously arcane sounding stuff on CD*’s. It seems like it is promoting open-source collaboration on what is obviously an important topic in risk management generally, but also for the future stability of the financial markets. This site description is what got me…cool…now if only he would have developed this a few [...]
For some reason the news is rife with people trying to shut down open dialogue lately. I have never heard of this site, but the very idea that a Federal Judge ordered them to shut down because of their whistleblower status just strikes me as unAmerican. Of course the Internet is the friend of liberty [...]
This story, which hit the front pages of SlashDot is absolutely staggering to me. As I discussed with my father last night, the lack of ethics in politics and society in general never ceases to amaze me, no matter how often I hear of stories like this:Mike Bloomberg Claims Vote Fraud. However, the idea that [...]
The next shoe to drop has to be bigger than the last…right? At least that seems to be the sentiment lurking in the shadows around the financial markets…perhaps it is just my contrarian nature, but this irrational paranoia (yes, I am saying others may be becoming too paranoid) just seems to create the potential for [...]
The ominous clouds that have been lurking on the horizon have yet to materialize in the darkest forecasts imaginable, and the repeated commitment of the government to bail out the financial institutions at the crux of these issues makes me start to wonder if maybe we will be able to avert disaster through psychology, inflation, [...]
This article: Credit-Card Pinch Leads Consumers To Rein In Spending in the Journal Friday was spurred by a fall-off in consumer borrowing, which seems more reasonable in the current environment that what we saw last month and I discussed a few week ago. A few friends and I had a healthy debate about what this [...]