Category: Investing

a better stimulus plan?

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 […]

greatest letter ever.

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 […]

world on the edge.

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 […]

the financial crisis explained.

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 […]

are they stupid?

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. […]

lipstick on a pig?

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. […]

oil: are we screwed either way?

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 […]

do you realize what just happened?

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 likely reduce your standard of living. Someone called it “indentured slavery”. They […]

hand baskets.

dear hand baskets, When people ask what I’m buying these days, I respond: “hand baskets.” “Hand baskets?” “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 still, Mr. Basket, you […]