Business Culture and Current Events Archive
SEC Tries To Intimidate Short Sellers
July 16, 2008 · Category: Business Culture and Current Events
What do I think is really going on here? I think that regulators are very, very concerned about the collapse of the stocks of major US financial institutions and are grasping at straws as to ...
Posted by Greg Feirman · 1 Comment »
IndyMac Depositors Line Up To Get Their Money
In a modern financial system, nothing is more frightening than a run on the bank.
- Tom Petruno, "When faith is frayed", July 12, 2008, LA Times
As most of you know by now, the Federal Government ...
Posted by Greg Feirman · No Comments »
What Ever Happened To Thrift?
June 10, 2008 · Category: Macro Economics, Culture and Current Events, Business Culture and Current Events, Federal Reserve, Geopolitics
The people who created this country built a moral structure around money. The Puritan legacy inhibited luxury and self-indulgence. Benjamin Franklin spread a practical gospel that emphasized hard work, temperance and frugality. Millions of parents, ...
Posted by Greg Feirman · No Comments »
Ken Heebner Is The Best Mutual Fund Manager In The World Right Now
May 27, 2008 · Category: The Investment Advice Business, Business Culture and Current Events
How do you explain genius? Ken just sees things other don't.
- Douglass Pratt, a former mutual fund manager who worked with Heebner
He saw something the rest of us didn't. That's Ken - that's always been ...
Posted by Greg Feirman · No Comments »
The Wisdom Of John Mackey
May 27, 2008 · Category: Business and Investment Philosophy, Business Culture and Current Events
I want to recommend to everybody John Mackey's excellent commencement speech delivered at Bentley College on Saturday May 17, 2008, recently posted to his Whole Foods blog.
Mackey, the Founder and CEO of Whole Foods (WFMI), ...
Posted by Greg Feirman · No Comments »
Could Microsoft Walk Away From Yahoo!?
April 25, 2008 · Category: Stocks, Business Culture and Current Events
As outlined in our recent letter to the Yahoo Board, unless we make progress with Yahoo towards an agreement by this weekend, we will reconsider our alternatives. We will provide updates as appropriate next week. ...
Posted by Greg Feirman · No Comments »
Second Guessing The Maestro: Greenspan’s Reputation Under Fire
April 8, 2008 · Category: Business Culture and Current Events, Federal Reserve
Indeed, recent research within the Federal Reserve suggests that many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade, though this would ...
Posted by Greg Feirman · No Comments »
Trader Of The Year: John Paulson Made Billions Shorting Subprime Mortgages
Trader Monthly recently named John Paulson trader of the year for 2007.
Duh!!!!
Funds run by Paulson, a hedge fund manager, were up $15 billion in 2007 and he is estimated to have made beteween $3-$4 billion ...
Posted by Greg Feirman · No Comments »
Spitzer: Bully Gets His Comeuppance
March 11, 2008 · Category: Business Culture and Current Events
"I had a simple rule. I never asked if a case was popular or unpopular. I never asked if it was big or small, hard or easy. I simply asked if it was right or ...
Posted by Greg Feirman · No Comments »
All Buffett, All The Time
March 3, 2008 · Category: Business Culture and Current Events
Last Friday, Buffet released his annual letter to shareholders of Berkshire Hathaway.
This morning, he was on CNBC's Squawk Box for 3 hours (6am-9am EST) answering viewers questions and talking investing.
The quote that seems to be ...
Posted by Greg Feirman · No Comments »
