I was sitting on Friday’s hilarious Dilbert, expecting to post it Saturday, but so many friends and colleagues mailed it in to me, I was compelled to post it today:
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Stocks have reached what looks like a permanently high plateau." —Irving Fisher, Professor of Economics, Yale University, 1929
BN news is reporting that the EU is shooting for a July 9th start date for the ESM, the permanent bailout facility. The story said all 17 countries that make up the euro zone will need to ratify the fund prior. Assuming it happens, the next question will be whether the Germans cede to requests to have it directly recap banks instead of first going thru sovereign governments and if the ECB caves to the desire to give the ESM a bank license that would then let it access ECB funding if needed (could be the next back door QE...
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January 20th, 2012 at 11:17 am
“This year will be a stock-pickers market”
January 20th, 2012 at 11:56 am
It would be funny if it was not so true.
January 20th, 2012 at 11:58 am
Yeah I’m curious about this actually. If I have a billion dollars I want to entrust to a fund manager who I like and trust but is making less than a million per year, I’ve got to ask myself what a 10x jump in his salary is going to do to his personal life, process, pursuit of excellence…
January 20th, 2012 at 1:47 pm
Picking index funds is like picking your nose. Anybody can do it, and a few will hit gold.