ByJimMuellerFebruary12,2008
Overthepast60years,theUnitedStateshasseen,andsurvived,10recessions(notcountingtheonewemayormaynotbeinatpresent).Fromtheshortestoneofsixmonthsin1980tothetwothatspanned1973-1975and1981-1982,we'vemuddledthroughandcomeouttheotherside.Inbetweeneach,we'veexperienced,onaverage,almostfiveyearsofexpansion.Sowhilewemaybeenteringanotherrecessionrightnow,I'mexcited!Pardonmewhil...[阅读全文]
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(2008-02-14 13:30:15)
(2008-02-14 13:20:41)
ByTomHutchinsonFebruary14,2008Whilebankstockpricesgetpummeledastheindustrybattlesatwo-headedmonsterofunendingwrite-offsandapossiblerecession,thequestionthat'soneveryone'smindis,isittimetostartbuying?Inthenameofeverythingholy,wait
Subprimeloandebtisspreadingthroughthefinancialsystemlikeacrackinawindshield.Wedon'tyetknowtheextenttowhichdebtinfectedbythecrisishasinfiltratedthebalancesheetsoffinan...[阅读全文]
Subprimeloandebtisspreadingthroughthefinancialsystemlikeacrackinawindshield.Wedon'tyetknowtheextenttowhichdebtinfectedbythecrisishasinfiltratedthebalancesheetsoffinan...[阅读全文]
(2008-02-14 13:16:53)
ByShamGadFebruary13,2008Conventionalwisdomsaysthatsharebuybacks,whendoneappropriately,putmoneyinshareholders'hands,sinceareducedsharecountmeansanincreaseinearningspercommonshare.Yet,asisoftenthecasewithWallStreetandmanycorporatechiefs,thisviewislongonconventionandshortonwisdom.Firstlet'sgetsomefactsstraight.Sharebuybacksareonlyaprudentuseofcapitalwhentheyrepresentthebestpossiblealternativetoothers...[阅读全文]
(2008-02-14 13:14:04)
ByShamGadNovember14,2007Ifyou'repayingattentiontothestockmarketthesedays,you'reseeingsomemajorstock-pricevolatility.Butitshouldn'tworryyou.Atrueinvestorshouldwelcomevolatility,sinceitcancreateopportunitiestopurchasesecuritiesatsignificantdiscountstotheirintrinsicvalue.Patienceisthekey.Evenwhilesomedirtylaundryremainstobewashedinthemortgageindustry,recenthighlevelsofmarketvolatilityinvariousotherse...[阅读全文]
(2008-02-14 13:09:38)
ByShamGadNovember26,2007AnydoubtsregardingWarrenBuffett'smasteryofinvestingcannowbelaidtorest.ArecentstudybytwoprofessorsshouldconfirmthatBuffettisoneheckofaninvestor--possiblythegreatestofalltime.ItshowedthatmerelymimickingBuffett'spurchasesafterhemadethemdeliveredalmosttwicethereturnoftheS&P500Indexduringthepastthreedecades.AccordingtoProfs.GeraldMartinandJohnPuthenpurackal'sstudy,"Imitation...[阅读全文]
(2008-02-14 13:00:32)
ByShamGadDecember4,2007Amidthecurrentmassacreinthecreditmarkets,nearlyeveryfinancial-servicescompanyisgettingpounded--somemuchworsethanothers.Value-orientedinvestorsthriveinthesetypesofpanic-drivenmarkets,becausetheyusuallyprovidegoodopportunitiestobuybusinessesonthecheap.Thepanicsurroundingthesalad-oilscandalofthe1960senabledWarrenBuffetttoscoopupalargechunkofAmericanExpress(NYSE:AXP)foraridiculo...[阅读全文]
(2008-02-13 23:17:57)
2006各大BBS最毒的有一个很古老的传说，说是在北邮校园内能看到美女的人会长生不老……招聘市场的潜规则：北大人大，不如波大～.凯歌悄悄对柏芝说：“下面几个镜头对于你而言，可能有些难度，因为每个镜头都要穿着衣服拍……”难道全世界的鸡蛋联合起来就能打破石头吗？！所以做人还是要现实现我是沙漠里的一只鱼，靠着思念的眼泪坚强而又痛苦地活着……爱情就像[阅读全文]
(2008-02-13 11:37:03)
(2008-02-12 21:11:08)
世界上有很多东西是无可奈何的，比如说，爱情。十多年前还是个热血青年的时候，假模假式地写小说，写现代诗。其中一篇小说的题记是这么写的，“这个世界上最大的骗子.他叫理想。和理想一起行骗的，是我们一再追寻的，爱情。”其实那会儿只是一个见姑娘就脸红的傻小子，也还有点说不清道不明的理想。十多年过去，傻小子被理想和爱情两样东西骗得稀里哗啦。回过[阅读全文]
(2008-02-12 21:07:25)
Lifeislikeabus,andthelifeexperienceistheviewyouseefromthesmallbuswindow.Nomatterwhetheryouenjoytheviewornot,youcannotgetoffthebusbeforeitreachesthenextstop.Youbasicallyhavenochoiceonwhethertogetonbusornot,norwhichtriptotake.Fromthemomentyouwereborn,youwerealreadyonthebus,whichwasleadingyoutoaplacethatyoudon'tknow,noryourhavebeento.Allyoucandoistoadjustyourselftotheenvironment,keepyouselfinthegoodm...[阅读全文]
