In and around Orange County, California and the World
Posted in Observations on Apr 9th, 2008
So the Federal Reserve is bailing out an investment bank for its bad bets on subprime mortgage loans. But it was really about guaranteeing Bear Stearns’ position in the credit default swaps market (What Created This Monster) - “It was 100 percent related to credit default swaps.”. Bear’s contracts had a value of $2.5 [...]
Posted in Books on Apr 4th, 2008
Probably the best explanation I’ve found of Warren Buffett’s investment methodology. Mark Tier credits Buffett’s success to investment habits that he has developed over years of investing, and compares those with the habits of George Soros and Carl Icahn. This is not a get rich quick plan by any means; and doesn’t recommend trying [...]