In and around Orange County, California and the World
Posted in Business, Investments, Observations on Jul 11th, 2008
A fellow value investor brought a remarkable article to my attention: Hard numbers: The economy is worse than you know by Kevin Phillips of Harper’s Magazine.
Ever since the 1960s, Washington has gulled its citizens and creditors by debasing official statistics, the vital instruments with which the vigor and muscle of the American economy are measured. [...]
Posted in Books, Business, Investments on Jun 3rd, 2008
Robert Hagstrom gives a good description of Buffett’s style of focus investing; basically investing in 10-15 companies you understand very well and can monitor closely rather than investing in more companies that you can’t understand as well or monitor as closely.
Hagstrom then goes on to argue that Buffett’s value investing principles can be applied to [...]
Posted in Books, Business, Observations on May 28th, 2008
If you’ve gotten irrationally exuberant over the prospects of starting up your own business, here’s your cold shower. Scott Shane goes through some of the popular conceptions of startups busting myths and setting out the more sobering reality supported by data. To cut to the chase, government intervention to help startups is not [...]