I just ran for Congress, was on reality TV, was once a brand manager, and have worked at various startups. I'm still figuring out what's next...
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I meant to post on this last week when Friedman’s op-ed in the NYT hit, Start Up the Risk-Takers. Friedman, not surprisingly, beats up on the US autos among others, and says that instead of giving them more money, we should instead turn to venture capital. He proposes giving the top VC’s (top 20%) a [...]
The below note is the greatest thing I’ve read in a while. It brings tremendous happiness to me. Dude who wrote it, Andrew Lahde, is the manager of a small California hedge fund, Lahde Capital, who made 866 percent betting against the subprime collapse. That’s a lot of money. Dear Investor: Today I write not [...]
The Economist (apparently Palin’s favorite magazine) has a good, short article on the credit crisis. This is why those politicians who set the interests of Main Street against those of Wall Street are so wrong. Sooner or later the money markets affect every business. Companies face higher interest charges and the fear that they may [...]
So. Like most people you’re wondering what the hell is going on, right? Don’t worry. Well, you should worry about the fundamentals of America but you shouldn’t worry about understanding it. Because I’ve got it covered. First, go to Blockbuster and rent the movie Boiler Room. YouTube Trailer: In real life, all of Wall Street [...]
The SEC is looking into banning short-selling in the stock market. Temporarily. Are they morons? The problem is that government didn’t regulate businesses that were amassing leverage and assets that could take down the nation’s financial system. Since they had their heads up their asses then, they feel like they have to do something now. [...]
It’s classic. We’re going through one of the worst economic crises that our nation has seen in decades, and the media is talking about lipstick on a pig comments and other total crap. If there’s lipstick on a pig, it’s the lipstick the Fed is trying to put on the pig that is Wall Street. [...]
On Kedrosky’s blog todayhe posts that we’re screwed either way oil prices go. 1) oil goes up and our economy is in trouble (eats up all consumers’ disposable income, inflation, etc) 2) oil goes down and alternative energy funded bets don’t make sense. I think this is crap. Paul’s right from a historical perspective: after [...]
dear children, I think we’re sorry for what we’ve done to you. I say “think” because I don’t believe that most Americans have any idea what’s going on right now. We’re sorry that we’re sandbagging you with massive amounts of debt that will potentially reduce your standard of living. Someone called it “indentured slavery”. And [...]
dear hand baskets, when people ask me what i’m buying these days (stock-wise), I respond, “hand baskets.” “Hand baskets?” they respond. “Yeah, everything seems to be going to hell in a hand basket these days, so I might as well own stock”. (Credit goes to my boy Graig for coming up with that one) But [...]
the letter format all taken care of. sigh. a letter to president obama from bill gross.
This is the donald at his finest. Seriously. You MUST watch it. Whether you agree or not, super-entertaining. And, on balance, I agree with my boy, Mr. Trump. Watch DT on CNBC. Agree: – Oil companies are just having a field day and making a freaking killing. There was a reason why we had public [...]
The stock markets for the past 3 weeks has been just fascinating. And by fascinating, I mean quite crazy and on most days, quite painful. I studied Finance at Rutgers, and we learned a lot about how “efficient” the markets were. How all available and whispered about information is efficiently synthesized by the vast army [...]
I shudder to even write the words, but I have to wonder if another stock market tech bubble is forming. The last time we were here, at the end of the last/beginning of the current decade, everyone’s cash flowed into tech and telecom because it seemed like a sure thing. Exuberance all around. Today, the [...]
I had this grand theory a few years back that our society was descending into cannibalism. While I guess that could be a literal descent into eating our fellow man and woman, but I mean it in a metaphoric way. I’m sure there are better examples, but for our purposes let’s use the companies Costco [...]