Money and Finance
Focus Media - my new obsession – By John Hempton
The announced "go-private" transaction for Focus Media has me obsessed. It seems to cover a whole gamut of my interests, Asian private equity, alleged Chinese fraud, connections with major property developers and numbers and accounts I find surprising. The whole works! It may not be the most important thing in financial markets this year - but it is one of the most interesting.
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Examining The Ubiquity Of Private Equity
I just received a review copy of this book in the mail today. It looks pretty interesting. Jason Kelly, as a reporter at Bloomberg News, has been chronicling the moves of the world’s largest buyout shops and their billionaire founders long before the...
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Peter Buffett Rocks Beijing
It is -- and this is putting it mildly -- sometimes difficult to generalize about a nation of 1.3 billion people. But let's go out on a limb and say there aren't many who would quibble with the description of China as money-obsessed. This is a...
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John Mauldin: What Happened To The Jobs?
The US jobs report came out this morning, and it was simply dismal. This week we look at not only the jobs report but also “what-if” proffers for the US and global economies. There’s a lot to cover, so let’s jump in. First, there were only 18,000...
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Prem Watsa's 2008 Shareholder Letter - Fairfax Financial
Last year, I quoted Hyman Minsky who said that history shows that “stability causes instability”. He said that prolonged periods of prosperity lead to leveraged financial structures that cause instability – and did we see that in spades in 2008!!With...
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Berkshire Hathaway Inc. To Acquire 60% Of Pritzker Family Company, Marmon Holdings, Inc.
This is Berkshire's largest-ever acquisition outside of the insurance industry.-Berkshire Hathaway Chairman and CEO Warren Buffett and Tom Pritzker, Chairman of Marmon Holdings today announced that Berkshire will purchase 60% of Marmon Holdings, Inc.,...
Money and Finance