Money and Finance
- Prem Watsa's 2013 Shareholder Letter - Fairfax Financial
Link to: Prem Watsa's 2013 Shareholder Letter Signs of speculative excesses are everywhere – even though the U.S. economy is still very tepid. The world might muddle through as it did in 2013, but the grand disconnect between stocks and bonds, and...
- Big Long Is New Big Short As Bass Joins Subprime Bet
Investors who made some of the biggest profits from the 2007 bust in U.S. mortgages are once again in agreement. This time, they’re going long. Hedge fund manager Kyle Bass, who made $500 million betting against subprime debt in the crash, is raising...
- Bloomberg: Dongguan Ghost Mall Haunts China’s Property Boom
Via The Big Picture.Bloomberg’s Paul Allen reports from Dongguan, China on the New South China Mall, which has remained mostly vacant since it opened in 2005. Jim Chanos, the hedge-fund manager who was one of the first investors to foresee the 2001...
- Mark Hanson: Why Millions More Homeowners Are At -risk Than Most Think
Most look to loan type and equity position as two of the most important factors when forecasting loan default. In fact, I believe that epidemic negative-equity is the overarching reason that the default, foreclosure and housing crisis remains in the early...
- 5 Signs Of A Good Annual Report
Annual report season is upon us, which presents an opportunity to better understand our current portfolio holdings and watchlist ideas, as well as management's strategy and outlook. Here are five signs of a good annual report -- that is, one that...
Money and Finance
CEA Annual Reports 2005-07
From The Big Picture blog.
I decided to look at what President Bush’s Council of Economic Advisors (CEA) were saying in their annual reports for 2005-2007 about the massive real estate bubble, epidemic of accounting control fraud and mortgage fraud, the resultant rapidly developing financial crisis, and the great increase in economic inequality. Here’s what I found on these topics.
- Prem Watsa's 2013 Shareholder Letter - Fairfax Financial
Link to: Prem Watsa's 2013 Shareholder Letter Signs of speculative excesses are everywhere – even though the U.S. economy is still very tepid. The world might muddle through as it did in 2013, but the grand disconnect between stocks and bonds, and...
- Big Long Is New Big Short As Bass Joins Subprime Bet
Investors who made some of the biggest profits from the 2007 bust in U.S. mortgages are once again in agreement. This time, they’re going long. Hedge fund manager Kyle Bass, who made $500 million betting against subprime debt in the crash, is raising...
- Bloomberg: Dongguan Ghost Mall Haunts China’s Property Boom
Via The Big Picture.Bloomberg’s Paul Allen reports from Dongguan, China on the New South China Mall, which has remained mostly vacant since it opened in 2005. Jim Chanos, the hedge-fund manager who was one of the first investors to foresee the 2001...
- Mark Hanson: Why Millions More Homeowners Are At -risk Than Most Think
Most look to loan type and equity position as two of the most important factors when forecasting loan default. In fact, I believe that epidemic negative-equity is the overarching reason that the default, foreclosure and housing crisis remains in the early...
- 5 Signs Of A Good Annual Report
Annual report season is upon us, which presents an opportunity to better understand our current portfolio holdings and watchlist ideas, as well as management's strategy and outlook. Here are five signs of a good annual report -- that is, one that...