Business Culture and Current Events Archive

Complex Motives In Buffett’s Burlington Northern Purchase

November 5, 2009  ·  Category: Business Culture and Current Events, Stocks, Warren Buffett
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

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  ·  Comments Off on Brooks: The Erosion Of American Financial Values

Susquehanna’s Billionaire Founder Jeff Yass Honed His Mind on Probability Theory And Poker

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 - ...
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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  ·  Comments Off on New York Magazine Profile Of Financial Blog Zero Hedge

Pfizer Fined $2.3 Billion For Improper Marketing

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  ·  Comments Off on Pfizer Fined $2.3 Billion For Improper Marketing

SI: How Oversupply Killed The Baseball Card Industry

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

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  ·  Comments Off on WSJ: Meet Getco, High-Frequency Trade King

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
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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 ...
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