WSJ On The Micro Finance Bubble In India
Source: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
Source: “A Global Surge In Tiny Loans Spurs Credit Bubble in a Slum” (subscription required), The Wall Street Journal, August 13, A1
What does an M.B.A. do for you that a doctorate in philosophy can’t do better? ……. M.B.A.s have taken obfuscatory jargon—otherwise known as bullshit—to a level that would have made even the Scholastics blanch. – Matthew Stewart, “The Management Myth”,…
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
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 erosion in the…
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 what to do about it….
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 two senior government…
Kirk has a post up from last Monday on Socially Responsible Investing that I want to recommend to you all. Alot of people have no interest in socially responsible investing because they believe that investing this way hurts your results. …