As we await the verdict in the insider-trading trial of Raj Rajaratnam, the founder of the Galleon Group hedge fund, the following question comes to mind: Why would people who seem to have it all — wealth, prestige, powerful jobs and infinite acce…
There was never any chance that in America income would be distributed like it was supposedly done in the Soviet Union – to each according to his ability and his needs. If capitalism is the key to the rise of the US economy, then the concept that …
What’s the obvious contrarian trade? Long the U.S. dollar.
I’ve been discussing the U.S. dollar since January (Could the U.S. Dollar Rise 50%? January 12, 2011), based on a simple trading observation: it’s the most despised investment on the pla…
For the well-off, this could be the best tax day since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts will remain at or near historically low levels for at least the next two years. That’s thanks in part to legislat…
Here’s a shocking disclosure. Somehow, WikiLeaks got a copy of private memos – diary entries, really – written by David Sokol. As you know, Sokol was the man who was the front-runner to replace Warren Buffett at Berkshire Hathaway. He was also…
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By the middle of the next month, the biggest user was Goldman, the Wall Street titan that got $5 billion in assistance from Warren Buffett at the height of the crisis in September and was a big beneficiary of the AIG (AIG) bailout that …
DAEGU, South Korea (Reuters) – Billionaire investor Warren Buffett believes Japan’s devastating earthquake is the kind of extraordinary event that creates a buying opportunity for shares in Japanese companies.
Japan, the world’s third-largest eco…
Could this be a sign that JPMorgan has sold off most, if not all, the muni bonds in its investment portfolio…
As cities across the nation face increasing budget strains, the vocal group of experts warning about municipal defaults has gained a power…
Who took a dump on Ireland – bankrupting her in the process – And making her people pay?
Bottom Line: Usual Suspects
“They are bankers’ losses. It is NOT a question of Irish or German. It is question of wealthy bankers from all countries not ju…
Warren Buffett says Berkshire Hathaway is the “dumbest” stock he ever bought.
He calls his 1964 decision to buy the textile company a $200 billion dollar blunder, sparked by a spiteful urge to retaliate against the CEO who tried to “chisel” Buffett ou…
