July 12, 2012 - Quote of the Day
?We?ve seen the S&P 500 drop 50% twice in the last decade. That is the new normal?, said Richard Kang of Emerging Global Advisors.
Entries by DougD
Frankfurt, Germany Strategy Luncheon - July 18, 2012
Come join me for lunch for the Mad Hedge Fund Trader?s Global Strategy Update, which I will be conducting in Frankfurt, Germany on Wednesday, July 18, 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
July 11, 2012 - Quote of the Day
?Free choice is not relevant in financial markets because there are too many players. A stock with a million holders is much more predictable than one with five,? said Charles Nenner, of Charles Nenner Research in Amsterdam."
Peter F. Drucker on Management
If you have been living in a cave for the last 72 years and missed the work of management guru, Peter F. Drucker, here is your chance to catch up. I just finished reading The Essential Drucker, a weighty tome of 368 pages which summarized the high points and pearls of wisdom of the author's
July 9, 2012 - Quote of the Day
?We are still in the gravitational pull of the Great Recession. I would have to put the likelihood of a double dip recession now up to 50%,? said my old UC Berkeley economics professor, Robert
July 9, 2012 - Quote of the Day
?Earnings models that have worked over the last 10, 20, or 30 years don?t hold water anymore,? said Paul Schatz, president of Heritage Capital.
Feel Like Investing in a State Sponsor of Terrorism?
Feel Like Investing in a State Sponsor of Terrorism? How about a country whose leaders have stolen $400 billion in the last decade and have seen 300 foreign workers kidnapped? Another country lost four wars in the last 40 years. Still interested? How about a country that suffers one of the world?s highest AIDs rates,
Guess Who?s Bailing Out the 2012 Olympics?
Where is the 2012 London Olympics turning to meet gargantuan cost overruns? None other than BP, which is going the extra mile to burnish its tarnished image. With the British economy mired in a vicious financial crisis, many are wondering if hosting the games was such a great idea. The original plan was to convert
Where The Economist ?Big Mac? Index Finds Currency Value
My former employer, The Economist, once the ever tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its ?Big Mac? index of international currency valuations (click here for the story). Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly
July 6, 2012 - Quote of the Day
?When the fools are dancing, the greater fools are watching,? according to an old Japanese proverb.