Today’s announcement by Bank of America is the second in a series of recent rational decisions by private entities seeking to address some of the concerns that exist in the markets. Bank of America to Modify Mortgages, Help Homeowners Bank of America Corp., seeking approval of its Countrywide Financial Corp. takeover, said it will modify [...]
Although this is unsurprising, it is now official that the housing slump is entering into record territory nation wide. New-Home Sales Fall to Low Last Seen in 1990s The NYTimes today said: Buyers vanished from the housing market in March, as sales of new homes plummeted to the lowest level since the housing recession of [...]
The WSJ has a great article today suggesting the benefits of a central clearinghouse for derivatives contracts that are currently traded over the counter. Here is the article: Street Seeks Credit-Default Safety Net: Banks, Exchanges Speed Effort to Launch Clearinghouse to Back Derivatives Swaps For those of you who have been reading this blog for [...]
Today I had the great privilege of having lunch (along with a group of fellow students) with the former CEO of Chunghwa Telecom, Dr. C.K. Mao. He genuinely was one of the most impressive people I have met in a long time, and I don’t think I will be able to do it justice in [...]
The Harvard Investment Club hosted Peter Lynch today to offer some basic advice on investing in public equities. Mr. Lynch is one of the most well known and likely one of the most successful investors in history judging from the track record of his Magellen Fund at Fidelity, which returned 29% compounded over the 23 [...]
My VC seminar at HLS had a real treat Monday evening, when serial entrepreneur and venture capitalist, Jeff Bussgang (of Flybridge Capital, formerly IDG Ventures) took time out of his busy schedule to share some of his experiences and lessons learned from his time working on start ups and in the Venture Capital Industry. Mr. [...]
I went to a talk tonight on a talk entitled “The Subprime Crisis, Gold, Commodities and Where the Stock Market Goes From Here” given by a few investors with a collective 70 years of investing experience, and lets just say that it makes this blog sound like a cheery story. The punch line: we narrowly [...]
I was having a discussion with a friend today about a paper I am writing on the credit crisis, and he suggested that I remove some of the "hyperbole" from my analysis. He was referring to recent statements by Soros and Krugman, who have both stated that the current crisis is the "worst since the [...]
In contrast to much of the negative news in the financial markets, there still remains a vibrant and exciting world of innovation in this country, primarily driven by the most extensive network of Venture Capitalists in the world. One of those VC’s, Mr. John Doerr of Kleiner Perkins Caufield & Byers (KPCB) visited us at [...]
It is hard not to be optimistic on a day like today. 60 degrees and sunny just sets a nice tone. May help to explain the creativity and entrepreneurship of Californians. Well, it looks like the optimism (or muted optimism) is spreading toWall Street with Goldman’s head honcho today staying we are in the “third [...]