LATEST INSTABLOGS POSTS

  • An Evening with Jack Welch.
    I met Jack Welch recently, the legendary retired CEO of General Electric (GE). “Neutron” Jack gets the credit for boosting the market cap of GE from $13 billion to $400 billion in 20 years, turning it into a Wall Street darling in the process. The “hedge fund that makes light... More »
    Jul. 19, 2011
  • China’s Great Grain Robbery
    The Chinese are nothing if not opportunistic. You may recall that a shocking increase in this year’s corn crop predicted by the US Department of Agriculture triggered a series of limit down moves in the grain markets only 12 days ago (click here for “The Great Grain Massacre”).... More »
    Jul. 19, 2011
  • Markets Get a Stiff Dose of Reality
    The global “RISK ON” TRADE was administered with a stiff dose of smelling salts on Friday with the horrific nonfarm payroll report. The stock market was really leading with its chin. It expected 150,000-200,000 in job gains but got only a pitiful 18,000. The ensuing melt down was... More »
    Jul. 19, 2011
  • Quote of the Day
    “Analysts don’t know preferred stock from livestock,” said Gordon Gekko in the classic film Wall Street.
    Jul. 19, 2011
  • A Conversation With the Boots on the Ground
    I have spent many hours speaking at length with the generals who are running our wars in the Middle East, like David Petraeus (click here for “The Spotlight Moves to Petraeus”), and James E. Cartwright (click here for “My Briefing with the Joint Chiefs of Staff”). To get... More »
    Jul. 19, 2011
  • The Skinny on Lithium
    Long time readers of this letter know that I have been a bull on lithium plays, my pick in the sector, Chile’s Sociedad Quimica Y Minera (SQM), bringing in a handy 440% pop off the lows in 2009. You couldn’t lose, because if the car battery boom faded, they always had a great... More »
    Jul. 19, 2011
  • The Cooling Market for Hedge Fund Traders
     The tide is suddenly heading out to sea for aspiring hedge fund traders. Ilana Weinstein of the IDW Group, which specializes in hedge fund recruitment, says that the new financial regulation bill has fundamentally changed the supply and demand balance for hedge fund managers. Star traders... More »
    Jul. 19, 2011
  • Quote of the Day
    “Earnings models that have worked over the last 10, 20, or 30 years don’t hold water anymore,” said Paul Schatz, president of Heritage Capit
    Jul. 19, 2011
  • Murray Sayle: The Passing of a Giant in Journalism
    I was saddened to hear of the death of my close friend, the Australian, Murray Sayle, after a long battle with Parkinson’s disease at the age of 84. Murray was one of the giants of journalism in the second half of the 20th century. He started by editing the newspaper at University of... More »
    Jul. 19, 2011
  • Buy Russia, But You May Want to Take a Shower
    If you wonder why I recommend a shower after investing in Russia, Bill Browder will give you the reasons at length on his YouTube video (click here for the link). Bill is the founder and CEO of Hermitage Capital Management, one of the firms that pioneered equity investment in the former Soviet... More »
    Jul. 19, 2011