January 2013

It’s comforting

Herding and running with the pack is what’s kept most mammalian species alive over the millennia, this is why we’re so apt to engage in it. We are literally hardwired to do what others around us are doing in most cases. There’s nothing inherently wrong with herding – yes it’s true that the zebra who…

How much does one year’s performance matter?

Hall of fame athletes in every sport have bad seasons here and there, and so do legendary hedge fund managers. Fortune Magazine put’s Ray Dalio’s tough 2012 in perspective while noting that the firm rakes in about $2 billion in fees per year while managing its $140 billion in AUM: Dalio had a lousy 2012….

Apple Reverse Convertibles: How Brokerage Firms Pervert Everything

“Mahaney joined the gang of Italian Dave, the famed sneak thief and fagin, whose group of street urchins and pickpockets were among the notorious thieves of the Five Points. Italian Dave had between 30-40 youths, between the ages of 9 and 15, whom he housed in a Paradise Square tenement building. It was here that…

How Warren Buffett Knows a Good Deal from a Bad Deal

Jill Konrath’s got a great blog for salespeople that always has fresh ideas and content on it. She spoke with the author of a new book about Warren Buffett’s dealmaking skills, Tom Searcy. In particular, I liked this bit about how Warren knows a good deal when he’s making one: *** JILL: Good analogy. When we…