Are SF, Phoenix Home Prices Really “Surging?” A tight supply of homes and an increase in affordability fueled by record-low mortgage rates are helping shore up some regional markets where values plunged during the recession. San Francisco’s home prices surged at a 16 percent annual rate in the three months ended in April, while Phoenix...Read More
“What’s .00001% x $315 Million?” I think I speak for bloggers everywhere reacting to the news that The Huffington Post sold to AOL for $315 million when I say: ‘CRAP!! THAT’S IT?!’ Reaction #2: ‘what’s .000001 x $315 million?’ (answer: $32, rounded up). The incredulity has to do with the eye-popping valuations being sported by...Read More
The Billion Dollar Money Manager Club Oh lord won’t you buy me a Mercedes BenzMy friends all drive Porsche’s, I must make amends. –Janis Joplin I must have just finished reading the 10th — or 100th — financial piece peppered with platitudes from investment managers who, very matter-of-factly, cumulatively seem to run more money than...Read More
