Business Culture and Current Events Archive
Complex Motives In Buffett’s Burlington Northern Purchase
Some analysts have been puzzling over the high price Buffett agreed to pay for Burlington Northern Santa Fe (BNI). He paid $100 a share for a company that has earned $5.38 over the last 12 months ...
Posted by Greg Feirman · 2 Comments »
Brooks: The Erosion Of American Financial Values
September 30, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Macro Economics
Human nature, in no form of it, could ever bear prosperity.
- John Adams Letter to Thomas Jefferson, quoted in David Brooks "The Next Culture War"
Over the past few years, however, there clearly has been an ...
Posted by Greg Feirman · No Comments »
Susquehanna’s Billionaire Founder Jeff Yass Honed His Mind on Probability Theory And Poker
September 28, 2009 · Category: Business Culture and Current Events, Options, Poker, The Investment Advice Business
I learned more about option trading strategy by playing poker than I did in all my college economics courses combined.
- Jeff Yass, The New Market Wizards: Conversations With America's Top Traders (1992), p. 396 - ...
Posted by Greg Feirman · No Comments »
New York Magazine Profile Of Financial Blog Zero Hedge
September 28, 2009 · Category: Blogs, Business Culture and Current Events
New York Magazine has an interesting profile of popular financial blog Zero Hedge: "The Dow Zero Insurgency".
Posted by Greg Feirman · No Comments »
Pfizer Fined $2.3 Billion For Improper Marketing
September 3, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Stocks
The Pfizer unit Pharmacia & Upjohn pleaded guilty to a single felony charge that accused the company of marketing its anti-inflammatory drug Bextra for broader uses and higher dosages than those approved by the Food ...
Posted by Greg Feirman · No Comments »
SI: How Oversupply Killed The Baseball Card Industry
August 31, 2009 · Category: Business Culture and Current Events, Culture and Current Events, Economics
My sales from '88 to '92 were $10,000 to $13,000 a month, and the cost of goods was only $1,000 to $2,000 a month. Then they started putting out so much product, raising the price ...
Posted by Greg Feirman · 1 Comment »
Population Decline in Florida For First Time Since WWII
August 31, 2009 · Category: Business Culture and Current Events, Culture and Current Events
It's dramatic. You have a state that was booming and has been a leader in population growth for the last 100 years that suddenly has seen a substantial shift.
- Stanley Smith, Economics Professor, University of ...
Posted by Greg Feirman · 1 Comment »
WSJ: Meet Getco, High-Frequency Trade King
August 27, 2009 · Category: Business Culture and Current Events, Market Commentary
One of the biggest players in the hot area of high-frequency trading is one of the least known.
Getco LLC, a private company with fewer than 250 employees, often accounts for 10% to 20% of the ...
Posted by Greg Feirman · No Comments »
WSJ On The Micro Finance Bubble In India
August 13, 2009 · Category: Business Culture and Current Events
Source: "A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum" (subscription required), The Wall Street Journal, August 13, A1
Posted by Greg Feirman · No Comments »
Front Page NY Times: Paulson In Frequent Contact With Goldman Chief Blankfein During Financial Crisis
August 10, 2009 · Category: Business Culture and Current Events, Government
I want you to know that I had no role whatsoever in any of the Fed’s decision regarding payments to any of A.I.G.’s creditors or counterparties.
- Hank Paulson, testimony before Congress July 2009
But according to ...
Posted by Greg Feirman · No Comments »
