Warren Buffett’s Freudian Slip This land is your landThis land is my(?) landFrom California to the New York islandFrom the red wood forest to the Gulf Stream watersThis land was made for you (and me?). –Lyrics, “This Land is Your Land”; Woody Guthrie (tweaked by Ross Kaplan) The first time I read “Pretty Good for...Read More
What’s an Investor to Do? [But] as long as the music is playing, you’ve got to get up and dance. –Former Citigroup CEO Chuck Prince Perplexed by a stock market that (inexplicably?) is once again on the rise — along with all manner of commodities (oil, gold, silver, etc.)? That, despite at best conflicting economic...Read More
Contrarian Indicators — Housing Market Edition If you like contrarian indicators, here’s a good one, courtesy of today’s New York Times: “Housing Fades as a Means to Build Wealth, Analysts Say” —headline, NYT (8/23/2010) Or as Barry Ritholtz puts it, “the time to be an über-bear on Housing (or anything, really) is before the collapse...Read More
This exchange, between blogger Barry Ritholtz and renowned investor Felix Zulauf, caught my eye: Ritholtz: In the US, we only have politicians who tell people what they want to hear, and very few who say “Here’s some medicine, it’s going to be uncomfortable, but you got to suck it up because the alternative is far...Read More
Blogging & Solipsism Substitute “real estate” for “Wall Street,” and the following fits me pretty well: [My blog posts are] simply what someone who works on Wall Street is thinking about or looking at. “Helping to quiet down the voices in my head” would be a more suitable tag line. I find myself in agreement...Read More
Which Way Stocks? “Up, Down, or Sideways”(I think that about covers it) Blogger Barry Ritholtz (“The Big Picture”) is not exactly shy about criticizing Realtor foibles (I think it’s got something to do with his mother being one). So it certainly seems fair to point out some of the fence-straddling, cover-all-bases gobbledygook investment managers like...Read More
