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…
Dimon Loves Retail Stockbrokers
I caught this in the New York Post this morning, thought it was pretty cool: “I love the retail broker business because my dad is a broker and my grandfather was a broker and it was the first job I ever had,” Jamie Dimon, 53, said at a Securities Industry and Financial Markets Association meeting…
Gold Fever, Gold Bubble, Gold Mania, Gold Frenzy etc
Now that we have one asset class, gold, that is selling for all-time high prices, I’m not surprised to see it in the center of controversy. Gold has been hotly debated on and off Wall Street and by individual investors since at least mid-2008 when it first kissed $1000 an ounce. Now that it’s soaring…
Elmo and LL Cool J: Add 'Em Up
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Guess How Many Millionaires in Congress?
Since Congress is suddenly so interested in discussing and regulating what other people make, let’s discuss the financial condition of our hardworking, selfless Reps. Take a guess what percentage of Congress are millionaires…I’ll give you a jumping off point: 1% of the total US population are millionaires. You probably figured that Congress probably had between…
