Monthly Archives: December 2009

Fannie and Freddie Skewered Yet Again

Download 2009-12-30 The Price for Fannie and Freddie Keeps Going Up – WSJ.com By the end of 2008, Fannie and Freddie held or guaranteed approximately 10 million subprime and Alt-A mortgages and mortgage-backed securities (MBS)—risky loans with a total principal … Continue reading

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GMO: Why Diversification Failed

Download 2008-12 GMO When Diversification Failed Excellent discussion of risks beyond unsystematic risk.  Solid investing advice.

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Jeremy Grantham’s Asset Class Forecast

 

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When Jeremy Grantham Speaks, Smart People Listen

Download 2009-10-25 Jeremy Grantham Letter 3Q09 CCC:  Don't miss the Special Topic at the end I can imagine the company representatives on the Titanic II design committee repeatedly pointing out that the Titanic I tragedy was a black swan event: … Continue reading

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In Emerging Markets, Rapid Growth and Hints of Uncertainty – NYTimes.com

NEW DELHI — This was a lost decade for the American stock market. But for much of developing world, it was the Roaring ’00s — a period of soaring markets and breakneck investment that left even some bulls wondering if … Continue reading

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George Soros in Detail

FT: The George Soros Lectures George Soros unveils his latest thinking on economics and politics during a lecture series hosted by the Central European University (CEU) from Oct 26-30, 2009. These lectures are the culmination of a lifetime of practical and philosophical … Continue reading

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Paul Volcker Brings Reason to the Debate on Financial Reform

Download 2009-12-14 Paul Volcker Says Financial Players Need to Think More Boldly About Reform – WSJ.com MR. VOLCKER: A few years ago I happened to be at a conference of business people, not financial people, and I was making a presentation. … Continue reading

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How Goldman Sachs is Changing

NYT: As Goldman Thrives, Some Say an Ethos Has Faded Today, the traders — Mr. Blankfein’s camp — are firmly in power. While Goldman employs nearly 31,000 people, in business ranging from money management to traditional investment banking, the bank … Continue reading

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Inside Details on Steven Cohen’s Secretive SAC Capital Hedge Fund

NYT: SAC Capital Under Scrutiny Mr. Cohen, 53, is among the world’s richest hedge fund managers, with a personal fortune estimated at $6 billion. In the 1990s, he gained fame as a rapid-fire trader with an uncanny sense of short-term … Continue reading

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John Mauldin Predicts a Different Type of Recovery

John Mauldin: The Age of Deleveraging But we have just gone through a recession that was unlike any other we have experienced since the Great Depression. Typical recessions are inventory-adjustment recessions, caused by businesses getting too optimistic about sales and … Continue reading

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