Money and Finance
- Charlie Munger On Projections
From his speech “Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs” (available HERE, HERE, or in Poor Charlie's Almanack): Usually, I don’t use formal projections. I don’t let people do them for me because...
- A Tribute To Neil Armstrong – Startalk Radio Cosmic Queries
In this, our first episode made up entirely of questions from our fans, astrophysicist Neil deGrasse Tyson offers his own reflections and answers your Cosmic Queries about Neil A. Armstrong, the first man to walk on the Moon. From the time he met Neil...
- One Giant Leap: A Minute To Remember Neil Armstrong (video)
...
- Buffett Awards Wall Street-sized Pay Praised By Dimon
Berkshire Hathaway Inc. (BRK/A) Chief Executive Officer Warren Buffett, who has said banker greed helped deepen the U.S. financial crisis, attracts the workers he wants with compensation that competes with Wall Street awards. Berkshire gave $17.4 million...
- Buffett Reveals Warts As He Prepares Annual Letter
Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. (BRK/A) stake for a shoe company he later said was worthless. In each case, shareholders...
Money and Finance
The Banker Who Put His Faith in Armstrong – By Andrew Ross Sorkin
When Lance Armstrong’s interview with Oprah Winfrey about his suspected use of illegal performance-enhancing drugs is broadcast on Thursday, an investment banker will most likely be watching it very carefully (and nervously): Thomas Weisel.
Mr. Weisel is a legend in finance and Silicon Valley. He was the banker behind Yahoo’s public offering and some of the biggest deals during the dot-com bubble. He famously sold the firm he ran, Montgomery Securities, for $1.2 billion in 1997. And he sold his next firm, Thomas Weisel Partners, for $300 million to Stifel Financial in 2010.
But it is Mr. Weisel’s extracurricular activity that connects him to the news of the moment: he was Mr. Armstrong’s biggest financial backer and the single individual most responsible for the money machine that propelled Mr. Armstrong’s career.
- Charlie Munger On Projections
From his speech “Academic Economics: Strengths and Faults After Considering Interdisciplinary Needs” (available HERE, HERE, or in Poor Charlie's Almanack): Usually, I don’t use formal projections. I don’t let people do them for me because...
- A Tribute To Neil Armstrong – Startalk Radio Cosmic Queries
In this, our first episode made up entirely of questions from our fans, astrophysicist Neil deGrasse Tyson offers his own reflections and answers your Cosmic Queries about Neil A. Armstrong, the first man to walk on the Moon. From the time he met Neil...
- One Giant Leap: A Minute To Remember Neil Armstrong (video)
...
- Buffett Awards Wall Street-sized Pay Praised By Dimon
Berkshire Hathaway Inc. (BRK/A) Chief Executive Officer Warren Buffett, who has said banker greed helped deepen the U.S. financial crisis, attracts the workers he wants with compensation that competes with Wall Street awards. Berkshire gave $17.4 million...
- Buffett Reveals Warts As He Prepares Annual Letter
Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. (BRK/A) stake for a shoe company he later said was worthless. In each case, shareholders...