Stephen Roach says negative interest rates set stage for next crisis - "by imposing penalties on excess reserves left on deposit with central banks, negative interest rates drive stimulus through the supply side of the credit equation — in effect, urging banks to make new loans regardless of the demand for such funds. This misses the essence … Continue reading Links 19.FEB.2016
Links 16.FEB.2016
Some interesting links I've been reading over the last week. John Mihaljevic's answer to How can I find stocks that are undervalued? - Quora - Mihaljevic wrote the Manual of Ideas Idea generation is both art and science. Not as simple as just doing quantitative screens and buying those stocks. John shares many other value investor's … Continue reading Links 16.FEB.2016
Links 02.FEB.2016
TUMBLR REPOST Some interesting links out today. New issue of Graham & Doddsville (PDF, Winter 2016) has a very candid interview with Craig Effron, who is a long-time trader hedge fund manager and provides valuable insight on the current state of hedge funds and how his firm invests. Ray Dalio in the FT on why tightening now is a mistake. … Continue reading Links 02.FEB.2016
Links 05.OCT.2015
TUMBLR REPOST I’ve been away from this blog for a long time . I’ll be sharing links I find interesting every now and then. Optimistically, I will try for weekly or, perhaps most likely, monthly updates. Feel free to subscribe to get email updates with new posts. Chinese kid in LA first to Lumber Liquidators short, … Continue reading Links 05.OCT.2015
Thoughts on the EU & Euro
TUMBLR REPOST. While the regular doom and gloom vultures are circling the EU, Greece, Spain and the Globe right now, sometimes you have to flip an argument over and look at it from another angle. I'm sure it's been said before, but last week Jahncke's (President of Townsend Group Intrn'l) suggestion for Germany to exit from the Euro … Continue reading Thoughts on the EU & Euro
