Monthly Archives: December 2009

Banks Bundled Bad Debt, Bet Against It and Won

Source: NYT In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a … Continue reading

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Over 14.4 m words spoken on TV, but the market's going nowhere!

Since September 30, 2009, the Sensex has lost -0.05%. If you add back the benefits of dividends, then the BSE 30 Total Return Index has gained +0.11%. The NSE 50 has hardly been nifty. It has been boring and dull. … Continue reading

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E-book: Margin of Safety by Seth Klarman

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor (Hardcover) by Seth Klarman – 1991 Amazon Link – Pl note: the book is out of print Amazon Used Book Link – Have a look 🙂 Scanned copy (Full … Continue reading

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Insights from Seth Klarman's 'Margin of Safety'

Following Insights I found from a comment by Moathunter on Gurufocus: It is perfectly acceptable to hold cash when no bargains can be found. Not to think of cash as a failing by the investor, but as a sign of … Continue reading

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Wave of Debt Payments Facing U.S. Government, Graphic (NYT)

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Crisis in Dubai!

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When reacting to news, the market has a mind of its own

How would you estimate the impact of a seemingly catastrophic event on the stock market? As a major negative of course, as most people in their right senses should. But markets have time and again demonstrated that, when it comes … Continue reading

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