I guess I should mention at some point that I’m writing this week from America’s most insanely livable city, Madison, Wisconsin. Above is the view from my table at the Fair Trade Coffee House on State Street, where I’m typing these very words. Here’s a view down State Street toward the Capitol: I’m in Madison [...]
Stock markets around the world are having another crummy day. It’s always worth reiterating that the plus or minus 2% daily drops we’ve been seeing are nothing compared with the more than 20% decline on Oct. 19, 1987. But this decline is not the product of some weird hiccup in the workings of financial markets, [...]
Hedge fund manager and poker ace David Einhorn was the speaker at the 17th annual Graham & Dodd breakfast Friday morning. I arrived too late to get a seat, and left early because I was starving, but I did write down this quote: Regulators are good at cleaning up fraud after the money is gone. [...]
