Keep the bonus and to hell with investors

Barclays would rather pay 14%! interest on a loan to Arab countries in the Middle East instead of use UK government lending facilities which are much cheaper but will require changes to management structure and their salaries. Can they send any stronger message than this that they don’t care about investors and all they’re interested […]

links for 2008-10-31

San Mateo County to sue Lehman executives - Inside Bay Area
"Investors relied on their representation that the company was adequately capitalized, which we now know were false," Good. Hope they have to sell their feraris to pay some of those millions. via edgar.
(tags: Lehman Lawsuit Bankruptcy)

Proprietary Trader: S&P Bell Curve
interesting graphic, the bell curve strikes […]

links for 2008-10-30

Bloomberg.com: Deutsche Bank Posts Profit as Rules Limit Writedowns
"Deutsche Bank AG, Germany's biggest bank, reported a surprise third-quarter profit after new accounting rules allowed it to book fewer asset writedowns." Lol, instantly profitable again.
(tags: Financial Crisis 2008 DeutscheBank Writedown Change Rules)

וואלה! תוצאות סקר מה יעמוד במוקד מערכת הבחירות בישראל:
"מה זה חשוב? הכל ספינים והבטחות ריקות […]

links for 2008-10-29

Why I do What I Do « Masteroftheuniverse’s Weblog
"One thing that I do is hypothesize, study the hypothesis, test it, quantify it, then trade it or fade it. One cannot stress enough the necessity of testing data and asking every conceivable question, then testing those questions. Trading is part art, part science. You can master […]

The media and the panic of 2008

BusinessWeek’s Ben Steverman makes some good points here. Alan was making a similar point a few days ago in our conversations. I think there should be quite a few intelligent investors out there who aware of this well. But of course acting on it and getting the timing right are a completely different ballgame and […]

links for 2008-10-28

Apple Store (HongKong) - iPhone 3G
$800 for the 16Gb version.. more expensive than Samsung's Omnia. I find I'm not too hot on Apple products anymore after my experience with the MBP and what I've been hearing about the iPhone 3G.
(tags: iPhone Apple HongKong Mobile Phone)

Stocks: Playing the Best- and Worst-Case Scenarios - BusinessWeek
"She believes the […]

How this bear market compares

H/T to Maoxian.com delicious links for this interesting NY Times graphic: How This Bear Market Compares - Interactive Graphic - NYTimes.com

A couple of observations, just eyeballing the chart.

There were 13 bear markets counted for the past 80 years. On average once every 6.5 years.
Of these:
Only 3 were deeper in terms of decline: 1932, 1942 and […]

keep looking »