The top 100 stock
market authors
selected for publication
market authors
selected for publication
Prudent Man CFA
»
Comments
» Single Comment
|
You are currently following Prudent Man CFA
Stop FollowingYou are no longer following Prudent Man CFA
-
1487
)
-
You may know more than Buffett or Bill Gross who believe the government, as I do, can make a fortune but I don't know the size of success of the portfolios you manage, if you manage any. Think the spread between what the Treasury pays for money and the cash flow.
Sep 25 11:20 am
|Rating:
0
0
All Comments by Prudent Man CFA »Is Paulson's TARP a TRAP? [View article]
Manage correctly, which is easy but easy is difficult for Wall Street to comprehend, this is the greatest U.S. Government arbitrage, in fact of any arbitrage, in the world.
Like Warren, I wish I could get a piece of the action. But, unlike Warren, I won't.
The issuance of credit based on the value of the collateralize asset rather than the cash flow is over. You would think lenders would have learned that from the debacle years ago. Cash flow talks and hopeful appreciation walks.