The Crash of 1987 And The Big Picture
One should not stand close to an image to see it properly. Case in point. . .
Tuesday, October 20, 2009
Tuesday, April 21, 2009
Hedging Against Oneself
According to this short Financial Times Alphaville article, Citibank's 1st quarter results had a boost from bets against itself. The article says that Citibank made money from CDS positions that increased in value when the market decided that its default risk increased. Here is another related article.
According to this short Financial Times Alphaville article, Citibank's 1st quarter results had a boost from bets against itself. The article says that Citibank made money from CDS positions that increased in value when the market decided that its default risk increased. Here is another related article.
Thursday, April 16, 2009
A Step Towards the Right Direction
In February, I wrote an article on eBay Inc warning about a potential weakness of the otherwise formidable company. Recent news about the company are very encouraging. eBay Inc is considering the sale of Skype, the business with very questionable synergies with the company's core business. This article has more.
In February, I wrote an article on eBay Inc warning about a potential weakness of the otherwise formidable company. Recent news about the company are very encouraging. eBay Inc is considering the sale of Skype, the business with very questionable synergies with the company's core business. This article has more.
Thursday, April 09, 2009
Indices' PE Ratios
I have been mildly suspicious of index PE ratio computations. This feeling of distrust came about a few years ago after learning that a source that I follow do not include losses in its computation of earnings. Now, this and this have made me even more wary. (By the way, thanks to Dr. Greg Mankiw for the lead.)
I have been mildly suspicious of index PE ratio computations. This feeling of distrust came about a few years ago after learning that a source that I follow do not include losses in its computation of earnings. Now, this and this have made me even more wary. (By the way, thanks to Dr. Greg Mankiw for the lead.)
Sunday, March 29, 2009
Lessons On Shareholder Activism
Carl Icahn shares his thoughts on shareholder activism in this Times article.
Carl Icahn shares his thoughts on shareholder activism in this Times article.
Wednesday, March 25, 2009
Noteworthy Articles of the Day
- Running to US treasuries for safety? This article reiterates what Warren Buffett highlighted in his most recent letter to Berkshire Hathaway shareholders. In two words - think again.
- Do banks have more to write-off? The table in this article suggests that the answer is yes.
- Running to US treasuries for safety? This article reiterates what Warren Buffett highlighted in his most recent letter to Berkshire Hathaway shareholders. In two words - think again.
- Do banks have more to write-off? The table in this article suggests that the answer is yes.
Labels:
Economics,
US Housing Crisis,
Value Investing,
Warren Buffett
Thursday, March 12, 2009
The Inevitability of Bubbles
How predictable is human behavior? Read this and you'll see that the answer is "very".
How predictable is human behavior? Read this and you'll see that the answer is "very".
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