It’s frequently said that you can’t get something for nothing. This is true. But what is the price of something? Difficult to know. This has been a market that lacked liquidity and price discovery. Luckily, the Something Store has started making a market in somethings. You can buy as many as you like for $10
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Olden times knew how to mark someone who literally fucked up. A big scarlet letter to shame them permanently. Olden times understood that it was appropriate to properly prioritize penalization over rehabilitation. They got that. Now, when people mess up in most walks of life, you basically have to apologize to them for it. “I’m
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CIFG’s slogan on their website is CIFG: The New Generation in Triple-A Financial Guaranty. Well, about that, uhh I don’t know how to say this but I think you need a new slogan. CIFG was downgraded to Ba2: Moody’s lowered its financial-strength ratings on CIFG Guaranty, CIFG Europe and CIFG Assurance North America to Ba2
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This report is gratis, Yahoo! (NASDAQ: YHOO). Find ways to make money. Sounds simple but like checkers, it takes an instant to learn and about an hour to master when you have a portfolio of the most trafficked sites on the internet and dominate Japan more than low-interest rates or even xenophobia. Rename the company
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Freedom in capitalist society always remains about the same as it was in ancient Greek republics: Freedom for slave owners. -Vladimir Lenin Past Quotes Entirely Relevant to Investing
“General Motors Corp., the biggest U.S. automaker, said it still has enough liquidity through 2008.” And then what? If you say you have enough liquidity through the end of the year, you don’t have enough liquidity. Recommendation: What’s good for GM (subprime loans, CLOs, etc.), is not good for the country.
You know, the usual: supreme power, undue influence over others, world domination. -David Harding of Winton Capital Management when asked about what drives him in Traderdaily Past Quotes Entirely Relevant to Investing
This report on seals has us further concerned about the prospects of the entire species. After 45 minutes the seal gave up, swam into the water and then completely ignored the bird it had just assaulted, the scientists report. Walruses are models of efficiency. Can you see a walrus ignoring a bird it assaulted? Or
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In February, we pointed out Steve Wynn’s colorful and frank commentary on his company’s quarterly call. Today, we follow up with more from the CEO of Wynn (Nadaq: WYNN). First, if you recall, Wynn issued $660mm of shares at $154 at the end of September after his stock had doubled in 6 months. Explaining his
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I think that a man should not live beyond the age when he begins to deteriorate, when the flame that lighted the brightest moment of his life has weakened. -Fidel Castro Past Quotes Entirely Relevant to Investing
When America had the desire to prop up corn prices a need for cheap sugar what did it do? Make sugar out of corn. When America had the desire to prop up corn prices a need for an alternative source for cheap liquid gasoline? Make gasoline (ethanol) out of corn (and out of pigs via
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