Hot Links for Weekend Reading:
Paul Kedrosky posts the 2008 words and phrases that should be banned from 2009 on Infectious Greed. My fave’s for banning for this year are Staycation, Carbon Footprint and of course, Bailout.
Over on Dealbreaker, Equity Private posted the Top 10 Reasons I Invested My Entire Fortune With Madoff. Reason number 3: “C’mon… even if he does anything they will look the other way. He has friends on the inside!”
As you begin to read all the “Where To Invest in 2009” articles, it’s helpful to remember how wrong this type of advice turned out to be for 2008. Barry Ritholtz has built quite the collection of unintentionally hilarious predictions made at the start of last year