Sublime

The company is an OPM addict, borrowing debt or selling stock to raise boatloads of Other People’s Money.

Our main objective will be to guide the reader against the areas of possible substantial error and to develop policies with which he will be comfortable.

is no secret that large corporations prefer people with families; those with downside risk are easier to own, particularly when they are choking under a large mortgage.

15. Wealth Gaps.

Markopolos’s anchors were that investment funds that never lost money in the stock market were usually fraudulent,

what will stop China from wiping out my business?

Notice that our approach to understanding how the world changes is very different from that of most forecasters. We are not experts in anything, in the sense that we pretend to know a great deal more about certain “subjects” than those who have spent their entire careers cultivating highly specialized knowledge. To the contrary, we look from the ou

Institutions that are “too big to fail,” and have a significant risk of doing so, should be broken into pieces that are small enough to fail without jeopardizing the financial system. As Alan Greenspan finally admitted, “Too big to fail is too big.” This is a catchy sound bite but it misstates the real problem. It’s not the mere size of an institut

Trends get very favorable and then everyone wants to retire on them through speculation. China is the greatest bubble I have ever seen, as its government has driven its economy for decades solely through massive overbuilding.