Stuff I’m Reading this Morning… Monster industrial data and equipment orders for China and Japan, stocks, commodities higher overnight. (Bloomberg) Perfect: Under siege, Bernanke getting political and “nurturing ties” with lawmakers. (NYT) The US needs a Manhattan Project for oil. Here’s a great plan: (MarketSense) Morgan Stanley‘s 9 best stock ideas. (PragCap) I can’t believe…
Joshua M Brown
Ralph Cioffi Acquitted, World Breathes Collective Sigh of Relief
Nelson Mandela. Gerry Conlon. Rubin “Hurricane” Carter. Spiritual Leaders, Freedom Fighters and Saints Among Men – all falsely accused, wrongfully imprisoned and later exonerated as justice eventually prevailed. Today you can add Bear Stearns hedge fund managers Ralph Cioffi and Matthew Tannin to that list, as the world collectively breathes a sigh of relief. Detaining…
Your Tax Dollars at Work: Dodd's 1100 Page Financial Reform Bill
A BILL To identify and address risks to the stability of the United States financial system through the establishment of the Agency for Financial Stability, to ensure the orderly resolution of failing complex financial institutions in order to minimize economic turmoil and protect the interest of taxpayers, to provide for effective bank supervision through…
A Letter From 2019
Dear Josh, It’s me: Josh…the You from 10 years from now, using the latest technology from Google to send an email to you from the future. Don’t freak out. Anyway, I’m just writing to let you know that the next ten years will be wacky, but everything turns out ok. For regulatory reasons, I obviously…
Hot Links: Bad Hair Day
Stuff I’m Reading this Morning… STOP! Don’t cash out your 401(k) before reading this from Karl Denninger. (Market-Ticker) Here’s a great list of the basic books that all value investors should read. (ValuePlays) Cali has company: New York State is running out of cash. (InvestingContrarian) Frankly, America, Wall Street Really Doesn’t Give a Damn. (NYP)…
Is the iPhone a Misfit Toy?
AllThingsD posted Verizon‘s 3 new Christmas-themed commercials bashing Apple’s iPhone, simply because of it’s reliance on AT&T‘s network. AT&T is the only reason why I am currently iPhoneless. Calling it a “misfit toy” was a clever touch: httpv://www.youtube.com/watch?v=4JgrBtn8XdU I never ask anyone for anything, but there is one product I’m yearning for and upon its release, I’ll…
The "Cute and Cuddly Grandpa from Omaha" has Fangs
I’ve read enough about and by Warren Buffett to be completely in awe of him. he remains, as Doug Kass calls him, The Mozart of Investing, cobbling together one masterpiece after another, always ahead of the curve. That said, my eyes were opened by some of my favorite bloggers this weekend, and I will probably…
Hot Links: The Droids We're Looking For
Stuff I’m Reading this Morning… Bubble Up! G-20 stimulus doing it’s thang…everything up overnight. (Bloomberg) NBC and Comcast sittin’ in a tree, K.I.S.S.I.N.G. (NYT) Rupert Murdoch versus The Internet. Good luck, guy. (BoingBoing) Wells Fargo: Escape from the TARP. (DealBook) Germany celebrates a Wall-less 20 years. (WSJ) Wilbur Ross on the next disaster: Commercial RE. …
The America Burger…Enjoy, Slobs.
Sure, I could write 3 or 4 paragraphs about the decline of dignity and the pervasive slovenliness of my countrymen, exactly when we need all of our faculties to be at their sharpest, but why bother when Natalie Dee so perfectly encapsulates this concept in her America Burger faux advertisement. As American archetype Homer Simpson…
Why Greenwich PD May Run Out of Handcuffs Soon
At last count, the insider trading ring that was originally busted in mid-October has already included roughly 30 people arrested so far. With high profile funds like SAC Capital being closed in on, it’s helpful to get a better idea of how this thing was actually run. The below infograph comes to us from the…
