ETFs Trade (Sort of) Like Stocks – Morningstar Advisor
Posted in Investing on May 21st, 2010 by admin – Comments OffGood article from Morningstar that explains the unusual and troubling behavior of many ETFs during the “Flash Crash” of May 6th.
Posts Tagged ‘Investing’
Michael Burry NYT Op-Ed
Posted in Investing on April 4th, 2010 by admin – Comments OffI Saw the Crisis Coming. Why Didn’t the Fed? Published: April 4, 2010
Former hedge fund manager, Michael Burry, takes Alan Greenspan to task for encouraged the lending that led to the housing bubble. http://www.nytimes.com/2010/04/04/opinion/04burry.html
Thoughts on the Economy
Posted in Investing on March 22nd, 2010 by admin – Comments OffRussell Investments offers this updated dashboard of economic activity: Economic Indicators Dashboard March 2010
With the exception of mortgage delinquencies and job growth (which is not part of this report), this recovery looks quite similar to others. That being said, job growth and foreclosures are two very critical issues going forward and will have to monitored carefully.
Inside the Doomsday Machine
Posted in Investing on March 19th, 2010 by admin – Comments OffMichael Lewis has long been my favorite author. Starting with Liar’s Poker (an insider’s look at 1980’s Wall St.) and continuing through The Blind Side (a story with special significance to Memphis), he is always able to put a human face on complex topics. So, it is with great anticipation that I look forward to reading his new book: The Big Short: Inside the Doomsday Machine. The book is a truth-is-stranger-than-fiction account of how the U.S. economy was driven over the cliff as only Michael Lewis could tell it.
60 Minutes recently did a segment on Michael Lewis and his new book. He does a great job explaining the inner workings of the credit crisis, as well as expressing the outrage that we all feel towards Wall St., regulators, politicians, and the like. The two-part interview is below:
Watch CBS News Videos Online
For what it’s worth, we invested on behalf of some of our clients with Michael Burry (featured in the interview and the book) from 2003 till he closed his fund in 2008, and we were always enthusiastic and supportive of his strategies.
