Monthly Archives: June 2007

Yahoo: Terry Out, Jerry In, No Real Change

If it’s fast, new and vibrant you want, I really don’t think that Yang’s your man.
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Adventures in Web Design, eBay Edition

eBay is cleaning
up its act
:
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Underbidding for Dow Jones

Floyd Norris asks a provocative
question today behind a NYT firewall: Could An Underbid Win
Dow Jones?
(Update: The whole entry’s now up
at DealBook
, for free.)
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Kingdom Holdings: The New Berkshire Hathaway?

Kingdom could be the next Berkshire Hathaway (maybe it already is the
next Berkshire Hathaway), and I suspect that its shares will trade up sharply
in the secondary market.
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Why the GE-Pearson-Dow Jones Deal is Unlikely to Happen

I’m trying to work out how the GE-Pearson deal for Dow Jones, being mooted
in both the WSJ
and the FT
today, could possibly work.
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Bear’s Benighted Bearish Bear-Market Bet

How did Bear Stearns lose money betting that a falling market would drop?
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Shortchanging vs Counterfeiting: Which is the Bigger Problem?

The Reefer Madness of the 21st Century.
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Inflation Statistics: Best Ignored, Unless You’re Poor

There is a significant and positive gap emerging between headline inflation (which includes food and energy prices) and core inflation (which strips them out). The gap is essentially a tax on poverty.
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Stocks From A to C

Apple vs Crocs.
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Survivorship Bias Datapoint of the Day

Is there no survivorship bias in stock-market indices?
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Garrard: The Clinton Connection

Bill Clinton is a part owner of the UK jeweler.
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Answers About Bear Stearns’ Mortgage Exposures

Banks such as Bear Stearns and Lehman Brothers have made a lot of money in recent years from the mortgage sector in general and the subprime part of it in particular. For the foreseeable future, they’re going to have to look elsewhere for those profits.
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Vaclav Klaus’s Denialist Ranting

The Czech Republic, of all countries, probably has more upside than downside from at least the next degree or two of global warming.
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Closing Private-Equity Tax Loopholes

There’s really no reason why hedge fund managers and private-equity billionaires deserve the kind of tax treatment that they’re basking in at the moment.
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Taxing Paris Hilton

Paris Hilton is actually a money-making machine.
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Should Banks be Worried About Equity Bridges?

Equity bridges are certainly a sign of the frothiness of the market. But I don’t think they’re particularly risky in and of themselves.
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A Bull-Market Song

China’s many stock market miracles will last forever.
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More Signs the Art Market is Peaking

Contemporary art is not a good investment.
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Questions About Bear and Goldman’s Mortgage Exposures

Do banks only make money on mortgages by being long the market?
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Carbon Taxes in the Skies

Taxing every annual holiday flight, bar the first.
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Bill Gross, Prose Stylist

Apparently "the wait is excruciating, and in some cases painful".
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Andreessen and Dyson on Facebook

Occasionally the blogosphere comes up with the kind of analysis that any highly-paid analyst would be incredbily proud of. In the past couple of days, we’ve seen both Marc Andreessen and Esther Dyson publish their takes on Facebook freely on the web, without any kind of corporate firewall or conflict of interest. If you’re interested in the direction that the web is going, both of these are must-read pieces.
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JP Morgan Snubs Silverstein in Move Back Downtown

It’s interesting that Silverstein was willing to let JP Morgan fall through his fingers: there aren’t that many banks who want to move their headquarters to a new building in downtown New York, and he’s going to need to find three.
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How Sheikh Ahmed Zaki Yamani Won the Cold War

Did Reagan win the Cold War? Or, more broadly, did US policies in the 1980s
result in the collapse of the Soviet Union? A wonderful
analysis
by Yegor Gaidar, who was there when it happened,
suggests that the answer is no.
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London Thrives in the Face of Insider Trading

It is incumbent on the FSA not to let insider trading get too blatant. On the other hand, it’s quite easy to overstate the negative effects that insider trading can have.
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