March 2009
24 posts
The Commercial Republic
By DAVID BROOKS
Over the centuries, the United States has been most conspicuous for one trait: manic energy. Americans work longer hours than any other people. We switch jobs more frequently, move more often, earn more and consume more.
This energy was first aroused by abundance, by the tantalizing sense that dazzling wealth was available just over the next hill. But it has also been sustained...
10 Best Market Days Since 1938
Did you know that the S&P 500 had its biggest 10 day gain since 1938 through March 23, 2009? This is why market timing does not work. Many investors have been panicking and moving to cash recently (according to cash flows leaving the equity markets) and possibly missing those important huge market upswings. These are the days you cannot miss in order to be a successful investor. For...
Diversification: Protecting Portfolios From Mass...
Diversification naturally appeals to the risk-averse creature inside every investor. Betting all your money on just one horse seems riskier than spreading out your bets on four different horses - and it can be. But, how do you choose those horses? You can use your intuition and randomly pick any four. But that would be like playing a game of chance. Professional fund managers don’t rely...
WatchThis is a hilarious perspective of where we are and how far we have come. Louis CK gets it.
WatchI know Jon Stewart is making my tumbleroll a little too often, but he’s really funny and literally tearing it up right now. This is Jon on the AIG debacle.
Email I Received Yesterday That Is A Must Read...
Now some people are really stupid!!!! Be sure and cancel your credit cards before you die. This is so priceless, and so, so easy to see happening, customer service being what it is today. A lady died this past January, and Citibank billed her for February and March for their annual service charges on her credit card, and added late fees and interest on the monthly charge. The balance...
Foursquare is the Breakout Mobile App at SXSW →
mashable:
Many of us have been anxiously awaiting a smarter Twitter that not only lets us update our status and connect with friends online, but also lets us find our Twitter friends — in real-life —…
WatchI know there are better videos out there of a space shuttle launch, but this one is mine so I like it best.
AIG Reveals Beneficiaries of Bailout Money Paid To...
Can you say double dipping? Most of these entities received a bailout of their own on top of this money. Notice the largest beneficiary being Goldman Sachs. No surprise here, after all Paulson was the CEO for some time. Here is an article link http://money.cnn.com/news/newsfeeds/articles/djf500/200903160755DOWJONESDJONLINE000195_FORTUNE5.htm.
AIG Planning On Paying $100 Million In Bonuses
How is it that you can be obligated to pay bonuses to those who lost you money and brought your company on the brink of collapse without a government/taxpayer bailout. Here is the NYT article http://www.nytimes.com/2009/03/15/business/15AIG.html.
WatchThe Conclusion? Between Jon Stewart and Jim Cramer. Face to face…head to head. This is Part 3 of a 4 Part Interview. Go to The Daily Show’s website to see the rest of the interview www.thedailyshow.com.
WatchStewart goes after Cramer and NBC again.
WatchOh No He Didn’t…Jon Stewart shells Cramer.
WatchAbolutely brilliant mind at work. Questions about Capitalism? Watch Friedman go to work.
Want to see how the bailed out companies are... →
WatchJon Stewart is at it again…this time taking on CNBC.
WatchThis is one of the best pranks I have seen.
How Cheap Are Stocks Right Now? →
Check out this article. This is almost amazing. There will be many people made rich in the coming years from the stock market, but you have to be in it to get it.