Liquidity, Solvency and Acute vs. Chronic Banking Systems [View article]
my own thought in terms of replacement operators are private credit providers. Eventually they would morph into banks. Think of the trading houses and agents in Japan.
It would be in efficient and fragile, but evolve and become robust. The current fix may not create a robust system, but rather maintain a chronic one that is systemically beyond recovery.
Let Warren Buffett Handle Your Portfolio [View article]
I really appreciate the quote from Graham. Nice find. Most "value" adherents are looking for something cheap and trapped in simple mathematical analysis. Charlie Munger gives some insights into business dynamics that are far more interesting in his book. rcm.amazon.com/e/cm?t=...
Liquidity, Solvency and Acute vs. Chronic Banking Systems [View article]
It would be in efficient and fragile, but evolve and become robust. The current fix may not create a robust system, but rather maintain a chronic one that is systemically beyond recovery.
10 Hedge Fund Best Ideas [View article]
Let Warren Buffett Handle Your Portfolio [View article]
15 Value Hedge Funds - Portfolio Update [View article]