How Depressingly True…..

To the shock of most sentient beings, Facts died Wednesday, April 18, after a long battle for relevancy with the 24-hour news cycle, blogs and the Internet. Though few expected Facts to pull out of its years-long downward spiral, the official cause of death was from injuries suffered last week when Florida Republican Rep. Allen West…

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Sometimes You Should Take The Money

Following on from yesterdays thread on Ronald Wayne who left $58 billion on the table when he bailed on the embryonic Apple I thought it would be good to look at a case where it would have been wise to take the money. In 2008 Microsoft offered $44 billion for Yahoo – this valued the…

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Sony Is Stuffed….And So Is Japan…Maybe

I can across this piece in the NY Times technology section. Essentially it posits that Sony is rooted and by extension so is Japan in terms of its leadership in consumer technology. Some call outs that caught my eye – In fact, it is in a fight for its life — a development that exemplifies the…

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A Lesson In Liquidity

A client called his broker inquiring about egg futures and is quoted a price of 25 cents per contract. Having a hunch about the egg market he buys 100 contracts. A week later he calls his broker to get a quote. Pleased to learn that the price of eggs has risen to 35 cents he…

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Dalai Lama

I came across these 18 rules from the Dalai Lama Take into account that great love and great achievements involve great risk. When you lose, don’t lose the lesson. Follow the three Rs: Respect for self Respect for others Responsibility for all your actions. Remember that not getting what you want is sometimes a wonderful…

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A Blast From The Past

I was going through my archive looking for a piece for the current mentor program when I came across this little gem  from the Eifuku Master Fund. By the way the name is not made up. This fund was run by a former employee of Lehmann Brothers in Tokyo. The letter speaks for itself. Memorandum…

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Bank of America: Too Crooked To Fail

Another piece by Matt Taibbi and Rolling Stone, things strike me about this article. Firslty, if even a fraction of it is true then it a profoundly distressing since it is not only a reflection of of BofA but also US society in general. Secondly, why the f#%k cant our journalists and mainstream media be…

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Seven Sins Of Fund Management

Over the long weekend I came across this excellent primer on the behavioural issues facing investors. The link to the original follows at the end but I have snipped part of the first page below. Seven sins (common mistakes) were identified. The first was placing forecasting at thevery heart of the investment process. An enormous…

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Still Paying A Lot For Not Much

People invested in hedge funds are still paying a lot for very little in the way of actual return. Hedge funds were up 0.59% in March although they still trailed the S&P 500, which was up 3.13% for the month and 12.00% YTD. The Hennessee Hedge Fund Index is up 4.59% YTD. “Hedge funds posted…

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