Archive for April, 2009
« Previous Entries Next Entries »The Regulations Are Reasonable…The Thoughts That Go Along With Them Aren’t
Tuesday, April 21st, 2009Saw this in today’s Wall Street Journal and just had to mention it: Policy Makers Take Aim at Credit-Card Practices Credit-card companies are going to have to start adhering to the followin rules, which take effect in July 2010: • Banks can’t treat payments as late unless consumers have a “reasonable amount of time” to [...]
Reader Comment on My Asset Management Post
Monday, April 20th, 2009AFM reader, Chris, left this comment on my post from last week: What is the profit margin on a bag of cheetos, 50%?? The margin on the gel for my hair is over 100%. Why do we quibble over 1%? Do we expect money managers to work for free? I know it sounds like a [...]
OT: One of the ONLY Videos I Have Ever Put Together
Friday, April 17th, 2009My how the time flies. It’s hard to believe that I shot this video nearly FIVE years ago. The music is called “First Youth” from Philip Aaberg’s CD, “Cinema.” I thought the title was appropriate. The music brings tears to my eyes nearly every time I hear it. I’m a sentimental dude. I’d like to [...]
Investment Management is Big Business
Friday, April 17th, 2009Check this out. I found this on page 161 of Christopher Jones’ book, The Intelligent Portfolio*, regarding mutual fund fees. I never really looked at fees in this way. The aggregate numbers on the magnitude of investment fees are sustantial. For example, look at the fees charged by mutual fund companies. According to the Investment [...]
Check Out Ramit on the CBS Early Show
Thursday, April 16th, 2009This is cool… Ramit on the CBS Early Show Notice what she calls the book. Some people need to learn to notice details. Congrats, Ramit.
Lately, Reading the Wall Street Journal is as Good as a Fiction Thriller
Thursday, April 16th, 2009Over the last few months, the Wall Street Journal has covered some fascinating stories. This is stuff that would normally be found in a John Grisham thriller but sadly is real: • The Bernard Maddoff Fraud • The Stanford Fraud • Danny Pang The Danny Pang fraud broke yesterday. If the Wall Street Journal is [...]
Scott Burns Responds to the Paul Farrell Article
Wednesday, April 15th, 2009I sent an email out today to several people I like and respect in the investment field, asking for their opinions on the Paul Farrell piece I wrote about yesterday. Here is the response I got back came from Scott Burns: I certainly appreciate Paul Farrell’s anger and contempt for Wall Street. It is richly [...]
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