Book Club

Book Week: Bailout

With one more month of summer to go, why not spend it catching up on some of the best financial books of the season?  This is Book Week on TRB, a new one each day that you may have missed and should definitely buy/download. *** Welcome to a world where shifting allegiances between government employees…

Amazon's Top Ten Business Books of 2009 List is a Joke

I’ve just finished perusing Amazon’s Top Ten Business and Investing Books of 2009, both the editors’ picks and the customers’ picks, and I gotta tell ya – both are terrible representations of what was worthwhile reading this year. I’ll keep my critique relatively short and then give you the lists themselves.  Feel free to chime…

Torturing The Data Til It Screams

We all have at least one in our office.  The guy who is quick to let you know that selling that call against Whole Foods Markets (WFMI) may be a mistake because supermarket stocks go higher on Thursdays after it rains in Akron, Ohio 77% of the time.  The Data Miners. I’m cool with statistics…

Vanderbilt: I'm a Hustla

On my first day of work in The Helmsley Building at 230 Park Avenue 9 years ago, I was told I was sitting where Cornelius Vanderbilt‘s old offices used to be.  I don’t know if this is true, but here are a few things about Vanderbilt that are: From the NYT Book Review of “The…

Read This Book: Jonathan Strange & Mr Norrell

I just finished an absolute monster of a book, and although its not investment-related per se, it is a book that will absolutely turn you inside-out if you let it.  The author, Susanna Clarke, spent over 10 years researching and writing the manuscript and the end result is a masterpiece.  Time Magazine called it the…

Give the Black Swan a Rest for 2009; The Search for a New Metaphor

With the fresh start we’ve been given, if only by the calendar, I’m here to say that enough is enough – let’s put the over-referenced, tired Black Swan trope into retirement. Just in case we get another year of absurdity and hyperbolic surprise, I’ve come up with a few equally improbable animal variations that could take it’s place for 2009