Joshua M Brown
3 Potential Bubbles for Retail Investors
The “everybody’s a real estate mogul” era started innocently enough, with a distaste for the stock market after the dot com meltdown and an incredibly long stretch of time with 1% interest rates. The leap from trading up in house size to using home equity loans for financing boat purchases certainly didn’t take very long. …
Hot Links: Super-Regulators & The Simpsons
Stuff I’m Reading this Morning… Stocks fall ahead of Bank of England, EU rate decisions. (Bloomberg) European banks join the Robber Baron train, remember how to make money again. (NYT) My fave post of the day: The inside scoop on the guys who got it right. (DailyIntel) Not just the dollar, gold prices are surging…
Love Smoking Crack? AND Investing? Allow Me to Introduce…AIG!
Love smoking crack? Love investing, also? Well now you can combine two of your favorite activities, enjoying both at the same time! How, you ask? Simple! Allow me to introduce you to…AIG, the former insurance company stock that now exists purely for trading purposes: Here’s a “stock” that for any reason (or no reason at all) on…
We Interrupt This Rally To Bring You The Following Personal Bankruptcy Stats
Since everyone loves a growth story, I thought I’d chime in with this lovely statistic on personal bankruptcy filings: According to the American Bankruptcy Institute, total bankruptcies will exceed 1.4 million for 2009, this is the highest number since 2005, and represents a 30% jump from last year’s total of 1,074,225. Now before you get excited and say, “well then I guess things…
What the Burlington Northern and Black & Decker Deals Have in Common
The Deal Professor, having expressed his dismay at the lack of M&A a day too early, weighs in on the similarities between Buffett’s purchase of BNI and the Stanley Works buyout of Black & Decker… From Steven M. Davidoff (NYT): While both deals may or may not be the sign of a new trend, and two…
Hot Links: Old Guitar Heroes
Stuff I’m Reading this Morning… No bubble: Jim Rogers disagrees with Roubini on gold and emerging markets. (Bloomberg) Morgan Stanley’s after the bell downgrade of Intel, Semis. (YahooFinance) Jim Chanos: We’ve learned nothing from the credit crunch. (Clusterstock) BetOnSports.com founder sentenced to 51 months in prison. (Reuters) The possible effects of Brazil’s new foreign investor tax. …
Too Big To Fail, Too Flush Not To Gamble
Carlson/ TIME
7 Terms That Should Never Be Used To Describe A Finance Pro
A successful career on Wall Street is as much about the failures as it is about the wins. Anyone who tells you differently is either hiding their past mistakes or is about to experience their own epic collapse, made even worse by the fact that it will be wholly unexpected to them. This is good…
Breaking: Buffett to Acquire the Rest of Burlington Northern Railroad
It’s not for me to tell you what Warren Buffett must see ahead for transportation, energy and economic activity, you must draw your own inferences. What I will say is that this is Berkshire Hathaway‘s largest-ever purchase so you may want to come up with some kind of thesis to encompass it. From MarketWatch: NEW…
