Not for the first time Buffett and I agree

Yes, I know…no blog postings for 5 days and then POW, 5 in a row. Sorry folks, but good stuff is afoot. Fortune is running a story that can be found at http://money.cnn.com/2009/02/04/magazines/fortune/buffett_metric.fortune/index.htm that is saying that a...

Executive compensation caps, echo

Just after I posted my opinion of Obama’s proposed executive pay caps, CNNMoney.com published a story that confirms the most important point of the earlier post: “Importantly, I hope that this action on the part of the Obama Administration eventually leads...

Update from the bottom, part II

OK, so now we are a month and a half past my December 16th posting “update from the bottom.” Recall that in that post I was updating you on the performance of the stock market subsequent to my having said a low was reached on November 20th. The closes of...

Boondoggle brokers conferences cancelled

As a former mutual fund portfolio manager I can tell you that one of the sources of (potential) corruption within the financial industry is the annual boondoggle conferences that major brokerage houses host.   These conferences are sold to the institutional...

Executive compensation caps

Happy Wednesday everyone! First of all, thanks for reading. I hope that you are still enjoying the blog. Today’s post is about President Barack Obama’s plan to cap executive pay at firms that receive Federal government assistance under the TARP. From the...

New energy policy

Good afternoon, President Barack Obama spent a goodly portion of his week on energy policy. Details of his proposal are as follows: Obama believes that his plan will create up to 460,000 jobs Over the long-term he hopes to create millions of jobs by investing $150...