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Tag: banks
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2010.07.18 16:38:45 Should investors buy bank shares or should they rather avoid bank stocks? Personally, I avoid investing in banks, not because I believe the share prices are overvalued, but because I have no visibility on what is going on within the bank. This being said, bank shares can be a good investment, as it was...... 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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2010.01.16 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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2009.11.11 17:49:53 If you are suffering from incredibly high interest rates on your credit card, it is never too late to convert to a low APR card. Converting your interest rate to an affordable number has an impact larger than you might think, a few percentage points difference can change your life. Unbelievable? Try out...... 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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2009.05.15 14:40:55 -- Bob Hope --...... Read more...
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2009.04.29 18:43:08 Citigroup in trouble after posting so called profits, Societe Generale Chairman resigning, AIG on the brink of default, and that is where the domino game starts again AIG has moved to stave off the risk of default on $234bn of derivatives by persuading a senior executive at its troubled financial products...... Read more...
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2009.02.25 09:32:49 Nassim Taleb, not only known for his outspoken critics but also world famous for his book entitled 'Black Swan', gives us a very neat description on why bonuses in the banking industry are at the basis of this crisis. The incentive scheme based on bonuses is exactly the opposite of what it should be,...... Read more...
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2009.02.18 10:18:59 With the banking industry in a total revamp, from credit offering to risk management as well as bonus caps, what can we expect out of this ground-braking restructuring? First of all, I see this restructuring as an absolutely necessary milestone to get the economy going again. After all the excesses where...... Read more...
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2008.12.27 22:28:11 John Authers draws a beautiful chart on the performance of oil versus banks: access it here (opens a new window)...... Read more...
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2008.12.14 00:00:00 The Medieval Times had loads of stories about dragons and monsters, how knights fought them and won pride and glamor when returning with the monster's head. Here's an absolutely marvelous piece on how the Investment Bank monster swallowed so much money before exploding, with the Government stepping...... Read more...
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2008.11.27 00:00:00 If the Fed and the Treasury bail out the banks, maybe the vicious circle of deflation and falling asset prices will be contained. Banks will start lending again and the economic freeze will thaw. But, the question is, however, how much more are the real estate prices going to fall before recovering?...... Read more...
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2008.11.25 09:01:07 It was interesting to see that last week, that the Eurozone announced that it was in a recession. Growth was negative for two consecutive quarters in the biggest economies such as Germany and the UK, but France was not, and here’s maybe an explanation for it. In its typical centralized, hierarchical,...... 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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2008.09.24 15:24:48 Looking at how the US stock market's reaction yesterday, I can now state that I am not alone in my confusion. The market started in black, sliding down to the red zone, going up again to black to finally close indeep red zone below 1% loss.... If there is one thing we can be sure of, is that the wisdom...... 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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