Jim Chanos’ presentation at the Virginia Value Investing Conference:
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"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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November 11th, 2009 at 1:21 pm
I’ve learned that debt is a poor substitute for what it buys…
…H. Jackson Brown, Jr.
November 11th, 2009 at 1:25 pm
I’ve learned when a man with money meets a man with experience, the man with experience ends up with the money and the man with money ends up with the experience…
…Ditto.
November 11th, 2009 at 1:33 pm
I’ve learned that talking about our problems doesn’t always help…
…Same source.