NYT article by Robert J. Shiller: Beyond fiscal stimulus and government bailouts, the economic recovery that appears under way may be based on little more than self-fulfilling prophecy.
Shiller is professor of economics and finance at Yale and co-founder and chief economist of MacroMarkets LLC. Read more here.
“There should have been more infrastructure in there, and they hung a Christmas tree on it — as I said, it’s sort of like mixing a tablet of Viagra with candy. I mean, it would have been better to leave out the candy and have the full Viagra.” Read the rest of these wonderful quotations here.
The comments come after Wahlroos’ colleague at Nordea, Chief Executive Christian Clausen, fueled speculation that Nordea might be interested in a tie-up with Swedish peer Swedbank AB (SWED-A.SK). Norwegian business daily Dagens Naeringsliv over the weekend quoted Clausen as saying Swedbank was an obvious “good match” for Nordea, although there were “other good matches” also. Read more here.
See a rare interview with the financier George Soros from Swedish national television. Most of it is in English and what is not can easily be ignored. Watch the clip here.
The famed investor sold nearly 800,000 shares in the credit-ratings agency on Tuesday and Wednesday, a regulatory filing released Thursday shows. Read more here.
You can now watch “Trader: The Documentary,” the 1987 PBS Film featuring hedge fund manager Paul Tudor Jones. Although we generally do not take interest in short term trading activities at the Money Mind (except arbitrage), this documentary is an amusing piece of work from the happy 80’s. If you liked the movie “Wall Street” – this is the real deal. Watch it here.
Berkshire Hathaway (BRK-B) just posted its 13-F filing with the SEC, which lists changes in its stock positions. Buffett initiated a new position in medical technology company Becton Dickinson (BDX) in the second quarter. The sec filing shows Berkshire Hathaway purchased.1.20 million shares in Becton Dickinson (BDX). Read more here.
(GuruFocus, June 30, 2009) Back in early June, when we became aware of Investment Guru, Joel Greenblatt became the strategist for the money management firm FormulaTrading.com, we reached out and requested an opportunity for our users to ask Joel questions. To our delight, the good professor (Joel is also an Adjunct Professor with Columbia University) agreed. Read the rest.
The oracle of Hong Kong has spoken. And his message: it’s time to consider buying stocks and real estate. Read the rest here.
Our situation is dire. Moderate booms and busts are inevitable in free-market capitalism. But a boom-bust cycle as gross as the one that caused our present misery is dangerous, and recurrences should be prevented. Read the full article here.
