Stock crashes get everyone talking about recession – but it turns out that since 1951, the majority of big one-day crashes have taken place during economic recoveries.
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The Danger of Dilettante Hedge Fund Managers
The lesson of the Peter Thiel story is that making billions of dollars is not the same as running a billion dollars.
The Pain of Running Money in the Public Eye
Bruce Berkowitz of the Fairholme Fund is the Matthew McConaughey of the mutual fund game – he had a huge run in the 2000’s but is now known mainly for how often he loses his shirt.
Euro Growth – Now Officially an Oxymoron
Gross domestic product in the 17-nation euro area rose 0.2 percent in the second quarter of 2011
Hot Links: Permanent Zero
The best morning reads for your morning reading…
The Big Picture Conference, October 11th in NYC
I’ll be joining an all-star roster of speakers and panelists talking markets, media, technology and the economy.
The Only Thing Worth Knowing Right Now
The Only Thing Worth Knowing right now is this:
Media: Morgan Stanley and Retail Expectations
Video.
Buffett: I am not a Spotted Owl
Warren Buffett’s latest New York Times op-ed is about the absurdity of billionaires paying a high-teens percentage in federal income tax while the middle class shoulders a 30-some odd percent burden each year.
Shorting is a Blood Sport
Google’s buy of Motorola is just one more example of difficult shorting individual stocks is.