July 5, 2010

"Bloodletting" Economists

Economic Theory, Then & Now The U.S. is now 234 years old, and yet over half the nation’s money supply was created since Helicopter Ben took over the flight controls four years ago. –David Rosenberg; Chief Economist, Gluskin Sheff It’s hardly a saving grace for today’s financial mess, but it HAS been gratifying to see...
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Chaperoned Showings

“Listing Agent Must be Present for All Showings” Most listing agents — myself included — are usually not thrilled when a client insists that you be there for all first showings. For one thing, it’s an imposition on your time; for another, prospective Buyers and their agents can view it as crimping their schedule and...
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Realtor Cognitive Dissonance

“Ten Showings, $10,000” I hated discussing ideas with investors. Because I then become a Defender of the Idea, and that influences your thought process. Once you became an idea’s defender you had a hard time changing your mind about it.” –Author Michael Lewis, quoting investor and fund manager Michael Burry in The Big Short (p....
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20-20 Investing

NOW They Tell Us Getting caught up on the various financial publications I try to at least skim regularly (The Wall Street Journal, Barron’s, Investor’s Business Daily, etc.), I’ve been struck by how many money managers claim they were nervous about the market this Spring, and re-positioned their funds to raise cash (and sell equities)....
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