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....................................... Abnormal Characters, end of day, Thursday, October 30
.......... Don Luskin proves that he's a weenie. .......... Our neighbor here in the 'hood recently bought a Ferrari F355. This pretty red car has a very unique exhaust note. I told him that I plan to throw a brick through his windshield if he runs the car before 7AM or after 11PM. (I was half-joking.) And no, he's not a crack dealer. He has a much less socially acceptable job as far as I'm concerned: he's an investment banker.  .......... Paul Kasriel writes in today's commentary:
"... if the BOJ and the PBOC do not keep buying U.S. government debt at a rapid clip, who will? Of course, someone will, but that
someone might be more price sensitive than Asian central banks."
Read Jim Griffin's smart comments on this subject. .......... Vanguard recently launched their "Target Retirement" funds, and I thought the asset allocations were no surprise:
.......... The Chairman walks you through a long trade in today's Trading for Dummies lesson, and talks about judging intraday sentiment in order to determine whether or not to eschew the short side. .......... I recently received this piece of fan mail; I love the Internet. ;-)
THE CHAIRMEN IS AN ODD LOT I MADE ALOT MORE WITHOUT ANY CHARTS WHY?IT IS CALLED COMMON SENSE AND BALLS
.......... The mutual fund industry feeds off of investor ignorance. I've written about this before.
"... the median management expense ratio (MER) of the largest 50 Canadian equity funds (more than $100-million in assets under
management) is 2.5%. For the bottom 50 (less than $10-million in assets), the median MER is 2.76%, Fundata said."
.......... I'm late to these Buffett comments since I don't read Barron's.
"Buffett also admitted that not buying Wal-Mart years ago because it looked overvalued was a large mistake
that cost them $8 billion (so far). He professed to love Wal-Mart's business, arguing ... that Wal-Mart is
killing supermarkets and implying he wouldn't touch those firms despite low multiples. He did not provide
thoughts on Wal-Mart's current valuation."
.......... Eliot Spitzer is still asking uncomfortable questions:
"'Heads should roll at the SEC,' Spitzer told the Times. 'There is a whole division at the SEC that is supposed to be looking at mutual funds. Where have they been?'"
Previous Entry >>> Random Thoughts -- October 29 |
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Chairman MaoXian |
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