John Mauldin: The Gulf Oil Spill Disaster
As I mentioned last Monday night in my Outside the Box, I did not make it to Turks and Caicos, but did end up in Baton Rouge for a special seminar on the Deepwater Horizon Gulf oil spill. I have both good news (or maybe more like less-bad news) and bad news. Today's letter is a report on what I learned.
The conference was sponsored by the Global Interdependence Center (GIC - http://www.interdependence.org/). David Kotok of Cumberland Advisors organized the event with help from people from Louisiana State University. The quality of the speakers was outstanding. They were extremely knowledgeable and well-connected. The meeting was conducted under the Chatham House Rule, which means all the speakers spoke off the record, unless they indicated otherwise. This allows for a more frank discussion. So, much of what you will read from me is my impressions of what I heard, which I cannot attribute to specific speakers. Indeed, some would be at some occupational risk if I did so.
Some of what I write today will be controversial to some readers. That is a risk I will take, as the large majority will find this interesting, or at least I hope so.
- The State Of Long-term Expectation
Chapter 12 (“The State of Long-Term Expectation”) of John Maynard Keynes’ The General Theory of Employment, Interest and Money is one that seems good to go back and re-read every now and then. Jeremy Grantham mentioned it in his interview with Charlie...
- Notes From Kyle Bass’ Presentation At The Great Investors' Best Ideas Investment Symposium
Via Market Folly. Bass mentioned that 90% of what he owns is in bonds (he has a ton of RMBS/subprime exposure). He joked that he's constantly a contrarian since many other speakers at the event expressed disdain for bonds (though to be fair,...
- John Mauldin: A Bubble In Complacency
Mauldin also has an interesting (and brief) discussion on the topic of GDP deflators in the letter. This week I had the privilege of being on the same panel with former Comptroller General David Walker and former Majority Leader (and presidential candidate)...
- Weekly Roundup - March 29, 2015
Quick update this week because I've been spending a lot of time with my wife and son at the hospital. Luke's been giving us a lot of trouble this week so I didn't have much opportunity to write. But I've got several ideas for some...
- Personal Financial Investment Seminar Singapore - By Investors, For Investors 17 January 2015
Hi everyone, this post is really quite late considering many financial bloggers have already did a write-up on this seminar. But hey, the good thing is if you didn't already know about this event, well now you know! :D Some financial bloggers include:...