Joe Nocera tells the story of a hedge fund manager who has decided to return his investors’ funds and pursue a different career path, one that isn’t focused on compensation alone. From the New York Times: Two weeks from now, a seven-year-old hedge fund called Alson Capital Partners will return around $800 million to its…
New York Times
In-Flight Reading
I’m traveling today, but here’s a list of what I’ll be reading on the plane (pleasehavewifi, pleasehavewifi…) It’s been awhile since I’ve kept up with the Railroad stocks, but they may get interesting again in the second half of this year. This gentleman Jack Wx wrote up a breakdown of which railroads do what and…
Vikings Do It Better
“The strongest man is he who stands alone in the world” – Norwegian Playwright Henrik Ibsen Fascinating story in the NY Times this morning about how Norway, a nation of less than 5 million people but a relatively huge $68 billion in oil revenue last year, was able to buck the global crisis. Preservation of…
Vanderbilt: I'm a Hustla
On my first day of work in The Helmsley Building at 230 Park Avenue 9 years ago, I was told I was sitting where Cornelius Vanderbilt‘s old offices used to be. I don’t know if this is true, but here are a few things about Vanderbilt that are: From the NYT Book Review of “The…
This is the Remix: TRB vs. Geithner
Treasury Secretary Timothy Geithner wrote an op-ed in the NYT today outlining how the stress tests on 19 of the largest US banks were conducted. This is the remix… THIS afternoon, Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Reserve and the butcher, the baker and…
Meltzer: Are We Tough Enough For The Coming Inflation Battle?
“No country facing enormous budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation as we are has ever experienced deflation. These factors are harbingers of inflation.” Allan H. Meltzer, May 3rd 2009 In Allan Meltzer’s excellent New York Times op-ed piece from May 3rd, we are taken back…
Close the Book on Barnes & Noble, Kindle's Here
[vodpod id=Groupvideo.2472318&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Amazon’s Kindle is about to light Barnes and Noble on fire and stomp on the ashes. Yeah, I said it. What. I’ve been a big reader all my life. In fact, I go through books like Mary Kate Olsen goes through pills, and if I can help it, I’ll go to Barnes…
Warren & Becky Sittin' In A Tree…
It’s springtime, so that can only mean one thing…yes, Becky Quick is in position for another Berkshire Hathaway Annual Shareholders Meeting in Omaha. Let the lovefest begin. As sure as the Swallows return to Capistrano each year, Becky and her camera crew will show up for their standing hotel reservation deep in the heart of Buffett…
Morning Headlines: Swine Flu and Stress Tests
I guess there are two big stories competing for everyone’s attention this morning, neither of them positive… First up, it seems that the first confirmed Swine Flu death in the US was reported from Texas. From the New York Times: A 23-month-old child in Texas has died of the swine flu, marking the first confirmed…
The Somali Pirate Takes Manhattan!
This has FARCE written all over it… From the New York Times: A Somali teenager has arrived to face what are believed to be the first piracy charges in the United States in more than a century…Abduhl Wali-i-Musi, the sole surviving Somali pirate from the hostage-taking of an American ship captain, was handcuffed with a…
