5

Marc Faber: FT.com interview

http://financetrends.blogspot.com


Marc Faber was recently interviewed by the Financial Times for their video series, "View From the Markets". Here's a quick overview of some of the topics and themes covered in this 4 part discussion:

 
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6

Readings: derivatives, Greece, & a triple whammy

http://financetrends.blogspot.com

Here's what I'm reading this afternoon:

1. Triple whammy of trading costs, taxes, and inflation drags down returns on US stocks (with Bloomberg chart graphic).

2. Greece lifts a page from Citigroup's playbook - Jonathan Weil.

3. Barry Ritholtz' take on derivatives regulation.

 
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4

Hedgeye: The Principled One

http://financetrends.blogspot.com

There is so much good material waiting in the cue on the subjects of Greece, sovereign debt, and currency speculation, but here's the piece I want to share with you today.

It comes from Keith McCullough at Hedgeye and his post takes on the idea that, once again, "evil speculators" are somehow to blame for the fundamental economic problems of a country's own making.

An excerpt from, "The Principled One":

 
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5

Quote by Seth Klarman

http://www.valuestockplus.net

Seth Klarman from his latest note, quotes Friedrich Hayek,

The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering [...]

 
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4

Jim Rogers: Greece bankruptcy good for Euro

http://financetrends.blogspot.com

Jim Rogers tells Bloomberg TV that Greece should go bankrupt, and that this would be good for the euro and for Europe in the longer term.

As Jim points out, a Greek bankruptcy would show everyone that the euro is a serious and sound currency based on the strength of its financial commitments. Of course, he does not expect this level of discipline to prevail.

 
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5

Bloomberg profiles SAC's Steve Cohen

http://financetrends.blogspot.com

Bloomberg has published a lengthy profile of trader and SAC Capital founder, Steve Cohen. If you're not already familiar with the now-legendary hedge fund manager, you will be by the time you finish reading it.

Here's an excerpt from, "Steve Cohen's Trade Secrets".

 
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5

Seth Klarman: Forgotten Lessons of 2008

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From Value Investing Insight
In this excerpt from his annual letter, investing great Seth Klarman describes 20 lessons from the financial crisis which, he says, “were either never learned or else were immediately forgotten by most market participants.”
One might have expected that the near-death experience of most investors in 2008 would [...]

 
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3

Michael Burry: Betting the Blind Side

http://financetrends.blogspot.com

Michael Lewis has a new book coming out called, The Big Short. It's supposed to be an account of the financial crisis and how the "US economy was driven off a cliff", thanks to the drive for cheap housing and the toxic investments Wall Street packaged around this goal.

 
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4

John Carney: how AIG destroyed itself

http://financetrends.blogspot.com

I am checking out John Carney's recent Business Insider piece on the collapse of insurer AIG.

Here's an excerpt from Carney's description of "AIG as a buyer of risk" from, "The Untold Story of How AIG Destroyed Itself":

 
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1

Beware the fabulous money machine

http://financetrends.blogspot.com

Spencer Jakab penned an interesting commentary for FT Weekend on the Federal Reserve's $52 billion profit (unaudited) for 2009. Here's an excerpt from that piece, "Beware the fabulous federal money machine":

 
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1

Altucher: Things I learned from Vic Niederhoffer

http://financetrends.blogspot.com

When James Altucher mentioned (on Twitter) that he was preparing an article about lessons learned while trading for Victor Niederhoffer, I knew that was one essay I'd be looking forward to.

Here's James on, "Ten Things I Learned While Trading for Victor Niederhoffer":

 
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6

Equities… a good place to be: Peter Lynch

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The so-called lost decade has not shaken legendary investor Peter Lynch's belief that the stock market will continue to offer the best returns.
The dismal returns of the past ten years have made them known as the lost decade on the US stock market, raising the question whether investment in stocks has lost its luster. Who [...]

 
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3

Richard Russell: Last Man Standing

http://financetrends.blogspot.com

Even though I'm able to read Richard Russell's Dow Theory Letters at the town library (they are subscribers), it's nice to find snippets from his daily remarks up on 321gold. It's convenient, and I can easily share samples of his excellent writing with others.

Here's one that I'd like to share with you, a recent update from Russell on gold and the state of America's finances called, "Last Man Standing".

 
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1

John Allison on "Leadership and Values"

http://financetrends.blogspot.com

John A. Allison, then acting CEO and Chairman of BB&T bank (now retired), gives a talk on "Leadership and Values" at the University of Virginia's Darden School of Business.

Why am I linking to this lecture by John Allison? Very simply, Allison's excellent talk addresses a greatly overlooked subject in American business and life today: establishing one's code of personal ethics.

Now what makes John Allison qualified to deliver such a lecture?

 
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5

If I See A Shirt I Like, I’ll Usually Just Buy It

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by Warren Buffett
February 4, 2010
Source: The Onion
I’m not really the kind of person to get caught up in the latest trends or fashions or anything like that. But some days, if I get out of work early and have a little time to kill before dinner, I’ll go do [...]

 
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3

Basically, It’s Over by Charlie Munger

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A parable about how one nation came to financial ruin.
By Charles T. Munger
Source: Slate
In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with a temperate climate, rich in all nature’s bounty except coal, oil, and natural gas. Reflecting its lack of civilization, they named this island “Basicland.”
The [...]

 
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5

Market Wrap: Chris Puplava & Co.

http://financetrends.blogspot.com

Guys, if you're taking a long view of the markets and studying up on economic trends this weekend, you might want to take a look at Chris Puplava's latest market wrap for FSO.

Chris has put together an update on the credit markets, with some thoughts on US Treasuries and the direction of long-term interest rates.

 
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4

Ten Lessons Not Learnt – James Montier

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Ten Lessons Not Learnt – James Montier

 
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4

To short or not to short?

http://financetrends.blogspot.com

I'm reading some of the great stuff put out by the bloggers in the Stocktwits network and I wanted to share two great posts, from Joe Fahmy and Keith McCullough, on the pros and cons of short-selling.

 
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2

Video: Russia Forum 2010

http://financetrends.blogspot.com


Must watch video of a panel discussion with Marc Faber, Hugh Hendry, Nassim Taleb, Michael Power, and others at The Russia Forum 2010.

 
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