Author Archives: Felix

Hope For Wi-Fi In Airplanes

I think that John Guidon, of Row
44
, is the first CEO to leave
a comment under his own name
at Market Movers.
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Rupert Murdoch: Probably Posturing

The Monday-at-5pm deadline has come and gone, and the WSJ, of course, has the
best coverage
of What On Earth Is Going On with the Bancrofts and Dow Jones.
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Posted in Media, publishing | Comments Off on Rupert Murdoch: Probably Posturing

Great Moments in Punditry: Jim Cramer on Housing

If I have any ambitions of being a financial pundit, should I try to come up
with stuff like this, from Jim Cramer?
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Posted in housing, Media | Comments Off on Great Moments in Punditry: Jim Cramer on Housing

Joe Nacchio and the Conservative Investors

A 15% capital-gains tax bill is a lot less painful than owning a stock which plunges to zero.
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How the Equity-Research Sausage is Made

You can’t argue with Carl Bialik when he says,
apropos iPhone
sales
, that "conducting a flawed survey can be worse than not conducting
a survey at all".
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Posted in stocks, technology | Comments Off on How the Equity-Research Sausage is Made

The Credit Duel, Part 2

The duel of the newsweekly pundits continues!
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Posted in bonds and loans | Comments Off on The Credit Duel, Part 2

Murdoch Says a Majority Isn’t Enough to Buy Dow Jones

Were they talking to me?
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Unlevered High-Risk Debt vs Levered Low-Risk Debt

Alea has found
a tantalizing tidbit from Anthony Morris of UBS, as reported
by Reuters
.
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Posted in bonds and loans | Comments Off on Unlevered High-Risk Debt vs Levered Low-Risk Debt

Taking the Laptop on the Train or Plane

Kevin Maney wants
to know
why there isn’t wifi on Amtrak.
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Posted in technology | Comments Off on Taking the Laptop on the Train or Plane

Blogs and Stocks

On Monday of last week, Marc Andreessen broke
some big news
on his blog: he’d sold his company, Opsware, to HP for $1.6
billion in cash.
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Posted in stocks | Comments Off on Blogs and Stocks

Avant-Garde and Kitsch

The Epicurean Dealmaker reckons that modern art is rubbish
contemporary
art is kitsch
.
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Stock Market Forecasts: A Waste of Column Inches

Is there anything more useless than a long newspaper article about where the stock market might be headed?
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There’s No Morality In Bond Yields

Tim Reason says that borrowing costs “ought to reflect” credit risk. My response is that, most of the time they do. But that if and when they don’t, no bolts of lightning will necessarily descend from the Market Gods.
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Posted in bonds and loans | Comments Off on There’s No Morality In Bond Yields

Murdoch-Dow Jones: A Done Deal, Surely

Murdoch is going to go ahead with his Dow Jones acquisition no matter what, since he has substantially more than 50% of the vote behind him.
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Posted in Media | Comments Off on Murdoch-Dow Jones: A Done Deal, Surely

Crawford Hill, Exemplary Epistolizer

Required
reading
: Crawford Hill‘s letter to the rest of the Bancroft
family, explaining in glorious detail how and why they deserve their fate of
selling out to Rupert Murdoch.
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Weekend Links Join the Plutocracy

Bill Clinton, blogger.
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Posted in remainders | 1 Comment

Bear Stearns Funds: Still More Questions Than Answers

Back on Monday, I had a whole set of unanswered
questions
about the collapsed Bear Stearns hedge funds. Today, we got news
– but no answers to those questions. In fact, there are now more questions
than ever.
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The Denver Bancrofts Play the Ultimatum Game

There’s a famous experiment in experimental economics called the Ultimatum
Game
:
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Posted in economics, Media, stocks | Comments Off on The Denver Bancrofts Play the Ultimatum Game

Annals of Excess, Bar Tab Edition

How did the London revellers stay alive?
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In Defense of Securitization

Tim Reason says
that Jonathan Weil is right
and I’m wrong
when it comes to securitization:
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Posted in bonds and loans | Comments Off on In Defense of Securitization

When Counterfeits Increase Brand Value

Lauren Goldstein Crowe reminisces
today about the early days of Kate Spade:
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On the Importance of Grad Students

Is it possible for experimental economists to do first-rate work without grad students?
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Animal Metaphors Gone Wild

What happens when a roaring bull runs into a constipated owl?
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Posted in language | Comments Off on Animal Metaphors Gone Wild

Why Sports Gambling Should Be Legalized

It’s always good to see Justin Wolfers get national exposure,
and he has a
great piece
on the op-ed page of the NYT today, about the NBA betting scandal.
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Posted in economics | Comments Off on Why Sports Gambling Should Be Legalized

To Get Good Research, Phone the Analyst, Don’t Read his Reports

Yet
another reason
to treat published sell-side analysis with a monster pinch
of salt.
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Posted in stocks | Comments Off on To Get Good Research, Phone the Analyst, Don’t Read his Reports