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Tag: bankers
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2010.05.15 23:15:41 "Obama turns BP anger on regulators" is the latest news from the White House, really ? I am flabbergasted to see that the Oil & Gas regulator who schmoozed for decades with the Oil & Gas industry and its lobbyists (read 'drinking champagne') is being hammered now that an oil spill, which had to happen...... Read more...
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2010.03.01 09:44:07 Charlie Munger, the long time partner of Warren Buffet, just released a new parable. Since Buffet and Munger are part of the most famous investors in the world, I would take this parable quite seriously. Charlie Munger is known for writing parables to educate investors. His sharp and concise views can...... Read more...
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2010.01.26 22:01:06 2009 was a great year. Stock markets rising faster than the tide at Mt Saint Michel, something I did not see in my (young) life, but what is it going to be in 2010? It looks like, in the short term, it is going to go down. Analysts will talk of correction, but what are the underlying factors? Liquidity...... Read more...
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2010.01.16 19:07:22 The incentives of this century seem to be completely misplaced and pervert. Banks are now handing out huge bonuses while still writing off the bad debts they made. The conclusion: we screwed up, but we don't care, we pay ourselves fat bonuses.Simply fantastic, I wonder where else this could be true....... Read more...
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2009.12.11 17:23:06 Into real estate of course !Real estate prices are now at normal levels, and by the time the bonuses are paid out, in February / March 2010, the houses will be even cheaper. Inflation is coming, the huge liquidity pumped into the system will fuel inflation. So what do you do to counter inflation? You...... Read more...
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2009.11.19 10:48:10 Finance does not create value, it is actually a support function to help the real economy (manufacturing, technology, services, etc.) function. A bit like the customer support helpdesk when your SAP system does not do what you want. However, the main difference is the salary and bonus. Why? I wonder why,...... Read more...
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2009.09.30 11:13:34 We trust the past and fear the future - a good summary of investor sentiment when the confidence is low. I trust the confidence is high for the moment, based on the past performance of the few months though. We had a great run, from March 6th until now, a fantastic run to be fair, and if you invested...... Read more...
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2009.06.17 14:39:47 “The trouble with being educated is that it takes a long time, it uses up the better part of your life, and when you are finished what you know is that you would have benefited more by going into banking.” - Philip K. Dick...... Read more...
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2009.05.18 10:05:35 What a news, now that bonuses have raised public anger, bankers have now found the solution: raise the salary by 50%. That is exactly what UBS is doing. Now you do not need to do anything to get a bonus, you get it by default. Not much has changed you will tell me, bankers were getting their bonus while...... Read more...
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2009.03.21 11:45:46 The US retro-active tax for bonuses paid-out at bailed-out companies seems to make a lot of noise. Two extracts from the FT: Senior executives on both sides of the Atlantic on Friday warned of an exodus of talent from some of the biggest names in US finance “Commodity traders are already moving to companies...... Read more...
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2009.01.28 16:33:52 No shame After Bank of America announced that part of the bailout money was spent on bonuses to Merrill Lynch bankers, now the Treasury Secretary has to intervene himself to stop Citigroup from buying a new corporate jet. I am absolutely flabbergasted ! Merrill Lynch moved forward its bonus pay-out (4bn...... Read more...
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2009.01.26 19:09:42 Bankers and Consultants Musical, should be shown to all bankers on their first day at work, to remember the days of how they f**ked up the world ...... Read more...
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2008.10.22 11:50:39 Let's take a step back and go back 5 years in time, I would be 25 years old, working in a large MNC as an engineer, playing with chipsets and embedded software, working on mathematical optimization to improve the performance, etc. Basically, I am a labrat working my ass off for not much in $ terms......... Read more...
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2008.10.10 18:44:25 Markets continue to tumble, and now not only banks are in trouble (well, factually they are not any more with all that money that will be spent on bailing them out), but we see that besides main street being in trouble with the 401(k) accounts losing much of their value, GM and others seem to be very...... Read more...
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2008.10.10 11:40:38 nice video explaining money Creation...... Read more...
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2008.09.15 15:07:11 Everybody expected BofA to be tough on the negotiation for Lehman, while in reality Bank of America wanted to buy Merrill, a much healthier bank. This all makes me think of the debacle of the end of the dot-com bubble: so many companies going bankrupt and accounting firms being sued with as result the...... Read more...
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