jakarta

48 ms·

391.
by jakarta 17y ago
For ordinary investors, the housing bubble was a tricky thing to play. There were two public companies that had CDS portfolios where they stood to make a lot of money. A direct equity investment or LEAPS would have worked well there. I took
392.
by jakarta 17y ago
He came up with the credit default swap trade where you buy insurance against mortgage backed securities failing. This was really a great trade because his losses were capped at around 5% a year while his upside was huge, imagine a 6:1 payo
393.
by jakarta 17y ago
I think that Burry is simply arguing that the methods he and other shorts used to call this crisis (which Taleb refers to as a gray swan -- since so many called it) should be more closely examined, rather than being simply dismissed as stat
394.
by jakarta 17y ago
Just to note - It was Burry that came up with the idea for using credit default swaps (CDSs) to short the subprime mortgage market. That idea eventually found its way to Paulson, who was able to use it on a larger scale.
395.
by jakarta 17y ago
For anyone interested in learning more about Michael Burry, I wrote a post using material from an old message board he used to run: http://streetcapitalist.com/2010/03/24/learning-from-michael... It is pretty amazing to see how far he has
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I Saw the Crisis Coming. Why Didn’t the Fed?(nytimes.com)
82 points by jakarta 17y ago|78 comments
397.
Human Genome Mapping’s Payoff Disappoints Scientists (bloomberg.com)
2 points by jakarta 17y ago|0 comments
398.
by jakarta 17y ago
Rockfeller saw the benefits of consolidation. At the time, he witnessed the oil business (refineries) being terribly unprofitable. They often went bankrupt and failed. But he figured out that by reducing competition through consolidation, h
399.
by jakarta 17y ago
I agree - Apple has a tendency to create good devices and then services around the devices. iPod:iTurnes iPhone:App Store These services are great because they act as monopolies: "You want to make something for the device? You have to sell
400.
by jakarta 17y ago
I am pretty excited to see how their distribution system works out -- being able to get racing games on NASCAR.com and so on is probably a real help to developers who want to diversify away from so much reliance on Facebook. I remember Mark
401.
Jamie Dimon: Ban “meetings after meetings”(ft.com)
1 points by jakarta 17y ago|0 comments
402.
by jakarta 17y ago
my comment from AVC: One of the things I really hate is how VCs are lumped with PE and HFs when it comes to financial legislation. I feel like with VCs role in helping create entirely new industries and the level of risk involved in the kin
403.
by jakarta 17y ago
I have always considered the gaming business, especially social gaming, to be similar to the pharma industry. Basically, if you are investing, you are not so much investing because of one game or one drug. You are investing based on their a
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Before they were Titans they were College Rejects(online.wsj.com)
4 points by jakarta 17y ago|1 comments
405.
From Investment Blogger to Hedge Fund Manager(streetcapitalist.com)
1 points by jakarta 17y ago|0 comments
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Cash and Calories: William Poundstone(priceless-the-book.blogspot.com)
1 points by jakarta 17y ago|0 comments
407.
by jakarta 17y ago
An energy start-up backed by Microsoft Corp. co-founder Bill Gates is in discussions with Toshiba Corp. on developing a small-scale nuclear reactor that would represent a long-term bet to make nuclear power safer and cheaper. Toshiba said i
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Bill Gates Start-Up in Talks on Small Nuclear Reactor(online.wsj.com)
3 points by jakarta 17y ago|1 comments
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VCs on the Healthcare Bill(pehub.com)
1 points by jakarta 17y ago|0 comments
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Information Narratives: Why your kids wont read as much about WWI as you did.(stufficomeacross.posterous.com)
2 points by jakarta 17y ago|0 comments
411.
by jakarta 17y ago
To say most bubbles are good is incorrect. Bubbles depend on whether they are equity or credit-based. Typically, credit bubbles are terrible for economies because they usually start in one area and spread, infecting the entire economy. Equi
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by jakarta 17y ago
USAA has an 8% tangible equity to assets ratio. For capital adequacy purposes, the bank only needs 1.5% TCE/TA. They are well capitalized and I would say that their prospects for insolvency are nil.
413.
by jakarta 17y ago
Seems kind of light on the financial / accounting / capital allocation side of things. Graham and Rockefeller's biographies do expose readers to these topics, but adding books like How to Read a Financial Report and the Accounting Game woul
414.
When Jerome York shook up GM(money.cnn.com)
2 points by jakarta 17y ago|0 comments
415.
by jakarta 17y ago
Jerome York is a great businessman to study. He was involved in some really fascinating turnarounds. After all, most businesses run into a few bumps along the way. I think one of the more interesting ones was with GM, in 2006. Kirk Kerkoria
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Apple Director / Turnaround Expert Jerome York Dies at 71(online.wsj.com)
1 points by jakarta 17y ago|0 comments
417.
by jakarta 17y ago
It is funny. Whenever people ask for nutrition advice I refer them to forum.bodybuilding.com because they have a couple of dedicated support forums for nutrition / weight loss. Most people almost never listen or bother to do. For some reaso
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The Biggest Little Man in the World(gq.com)
1 points by jakarta 17y ago|0 comments
419.
by jakarta 17y ago
Munis depend on the insurer. I'd feel very comfortable with Berkshire insured munis.
420.
by jakarta 17y ago
Price is what you pay. Value is what you get.

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