After 500 years King Richard III’s remains were discovered under a council car park in Leicester, England. Bit of a climb-down for a man once named “Lord Protector” of the realm. I wonder how I would feel had that been my parking spot for the past few years. Probably chuffed. But suitably modest.
Why, oh why, did John Paulson sit down for an interview with Businessweek magazine? Here’s a guy who became a financial legend by betting against subprime mortgages before the market collapsed in 2007, netting his investors $15 billion while putting almost $4 billion in his own pocket. And historically he’s kept a very low profile. “I … Continue reading
There’s fine print, and there’s even finer print. The very finest print, is used by our banker friends on Wall Street. The recent Facebook IPO generated a lot of money for the company and their original investors. Then there were fees for the bankers that took Facebook public. A syndicate of investment banks, lead by Morgan … Continue reading
As we all know, this definition of insanity has been attributed to Albert Einstein: The definition of insanity is doing the same thing over and over, expecting different results. In actual fact, quantum mechanics teaches that different outcomes are always possible, it’s just a matter of probability. So doing something again and again is not necessarily insane, … Continue reading
Let’s send Jamie Dimon to Syria. No, not because we want to punish him, but because he’s the only guy I know willing to call a spade a spade. He could give us a status update on Kofi Annan’s peace plan for Syria. Because what I admire about Dimon, and pointed out in a recent … Continue reading
Some days it’s hard to tell if your glass is half empty or half full. (Politicians can get pretty creative when they describe the state-of-the-glass, but that’s why they take get the big bucks.) But for me today is a really good day. I am proclaiming my “glass at least half full”. In fact it’s exactly … Continue reading
As tempting as it is, I’m not going to pile on JP Morgan for their $4 Billion write-off. Really. I have to give Jamie Dimon credit (sic) for his candid review of the situation: The bank’s strategy was flawed, complex, poorly reviewed, poorly executed and poorly monitored, Mr. Dimon said … He called the mistake … Continue reading
I received this offer from AT&T today. As Julia Roberts said to Rufus (The Thief) in “Notting Hill” when he asked for a date, Tempting, but no. Since I had recently experienced AT&T’s “Troubleshoot and Resolve” up close and personal, I know first-hand that I get better answers from Siri when she ‘can’t connect’ to her … Continue reading
I have a modest proposal for the health care debate. Only those of us who have actually shopped for an Individual Health Insurance Policy would be allowed to get up on their soapbox and let fly with their opinions. This leaves out all current member of Congress; any retired members of Congress who served more … Continue reading
I usually don’t mind waiting to get my hair cut. But today was a little out of the ordinary. The fellow ahead of me, who I’ll call Randy, felt called upon to deliver a lecture on Obamacare and how the President is directing the government to take over our lives. It was quite a rant, and Randy clearly … Continue reading
With the release of the iPad this month, and Apple’s market cap now above half a trillion dollars, it’s natural to kick yourself for not investing with them a year ago. But, there are stocks that have delivered even better returns than Apple.