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. These alternatives clearly include taking…
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 not have been the case,…
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 himself. How’d he…
“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 wrong.” – Eliot Spitzer (subscription required),…
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 getting the most…
“I can’t say people will get rich on it, but I would rather be safe than sorry.” – Walter Schloss, on his recommendation of insurance company CNA Financial 91 year old Walter Schloss may not be as famous as Warren Buffet but…
….. macroeconomic policy should not be based on a panicky attempt to avoid a 2008 recession at all costs…. The US should face its need for adjustment with courage and reason, not fear. It should stop behaving as the whiner…
This morning in a post titled “Farewell To Ben Stein”, Barry Ritholtz of The Big Picture torches Ben Stein for his ideological and biased approach to the economy of late. Here’s the beginning: Its time to bid a not-so-fond adieu to…
Spineless adj.: without moral force, resolution or courage Denial n.: a defense mechanism characterized by refusal to acknowledge painful realities, thoughts or feelings It was just brought to my attention that David Lereah, former Chief Economist of the National Association of Realtors,…
“These are sophisticated investors, and they certainly know how to time their own exits.” – Adam Zoia, Founder, Glocap, an executive search firm focused on the alternative investment industry, in The New York Times “Wall St. Way: Smart People Seeking…