July 2, 2012 - Quote of the Day
I enjoy issuing Berkshire stock as much as I relish preparing for a colonoscopy,? said Oracle of Omaha Warren Buffet of Berkshire Hathaway (BRK/A).
Entries by DougD
July, 2012 European Strategy Tour
Come join me for lunch at the Mad Hedge Fund Trader?s Global Strategy lunches and seminars, which I will be conducting in Europe during July, 2012. A PowerPoint presentation will be followed by an open discussion on the crucial issues facing investors today. I?ll be giving you my up to date view on stocks, bonds,
I?m Heading Off to Europe
My tuxes are packed, the hotels are booked, and the limo is waiting outside. The Lear jet is fully fueled up and waiting for me at nearby Buchanan Field, the flight plan already filed. I am taking off for Europe today for a mix of business and pleasure. Along the way I will be meeting
June 29, 2012 - Quote of the Day
?The Fed only knows two speeds; too fast, and too slow,? said Nobel Prize winning economist Milton Friedman to me over lunch one day.
Be Careful Who You Snitch On
Buried in the recently passed Dodd-Frank financial reform bill are massive financial rewards for turning in your crooked boss. The SEC is hoping that multimillion dollar rewards amounting to 10%-30% of sanction amounts will drive a stampede of whistleblowers to their doors with evidence of malfeasance and fraud by their employers. If such rules were
June 28, 2012 - Quote of the Day
?If there were no way to short stocks, the probability of stock market bubbles would be much greater,? said hedge fund manager, Bill Ackman, of Pershing Square.
Obama?s Unintended Oil Consequences
Back in March, oil broke the $110/barrel level and gasoline was rapidly approaching the $5/gallon level, threatening to derail Obama?s reelection campaign. The administration enlisted Europe to join it in a boycott of Iranian oil in an effort to get the Islamic republic to retreat from is program to develop a nuclear weapon. Iranian president,
My Update on India
The great thing about running an online newsletter is that it is not only self-correcting, it is self-enhancing. Whenever I make a mistake or state a factual error, my inbox catches on fire when corrections, additional data, and chastisements. Ditto when I exclude some key points to bolster my own arguments. So I thought I
June 27, 2012 - Quote of the Day
?The number one performing stock market of the past ten years in nominal terms has been Zimbabwe. But if you bought equities there you lost all your money because the ZWD$3 trillion you made now buys you three eggs,? said Kyle Bass of hedge fund, Hyman Capital.
Sold Out! Last Chance to Attend the Chicago Strategy Luncheon This Friday, June 29th!!
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Chicago on Friday, June 29, 2012. A three course lunch will be followed by a PowerPoint presentation and an extended question and answer period. I?ll be giving you my up to date view on stocks,