Posts filed under “Really, really bad calls”

Mount Stupid

I interviewed Richard Thaler for MiB today. He is known as the father of Behavioral Economics.

Parts of our conversation made me think about this classic comic from SMBC

Mount Stupid

Source: SMBC

Category: Cognitive Foibles, Humor, Psychology, Really, really bad calls

A Secret Wall Street Brainwashing Machine is Wholly Unnecessary

Every now and again, I disagree with an article written by someone I like and respect. On occasion, an author will crank out a column that makes me angry. And on rare occasions, I will read something where I disagree with just about every sentence. Today is one of those total disagreement days. Marketwatch columnist Paul Farrell…Read More

Category: Asset Allocation, Cognitive Foibles, ETFs, Investing, Psychology, Really, really bad calls

The Delusional Dick Fuld

Richard Fuld, the former chief executive officer of Lehman Brothers, is the Shaggy of finance. On the cause of the financial crisis and the collapse of Lehman Brothers, his claim is, “It wasn’t me.” Seven years after he drove the 158-year old firm he ran with an iron fist into bankruptcy, he has reappeared to…Read More

Category: Bailout Nation, Bailouts, Corporate Management, Crony Capitalists, Legal, Really, really bad calls

Dynastic Billionaire Wealth Under Siege!

This has to be the strangest headline relative to the content I have seen in a very long time:   Source: Wealth Management

Category: Economy, Really, really bad calls, Wages & Income, Wealth Management

A 14 Percent Infrastructure Fix?

My wife leaves for work earlier than I do, giving her first choice of which car to drive. She has a longer drive than my three-minute jaunt to the train station, so I don’t mind. That often means I get the rear-wheel drive convertible in the snowy winter months, and the all-wheel drive Jeep in…Read More

Category: Politics, Really, really bad calls, Taxes and Policy

Top 10: Wall Street Sayings That Should Be Questioned

In honor and reverence to one of my favorite comedic personalities, David Letterman, and the end of his talk show career here is my own market Top 10 List.   Top 10 list of Wall Street sayings that should be questioned 10) There is a lot of cash on the sidelines. There is always a…Read More

Category: Humor, Markets, Really, really bad calls

The Think Tanks

Source: No Exit

Category: Humor, Politics, Really, really bad calls, Taxes and Policy

More Proof Of America’s Inadequate Infrastructure

The details are still being sorted out on the deadly Amtrak crash that killed at least six people earlier this week and injured 100s more. But what we do know is that the stretch of track where the train derailed did not have the latest automated speed control system. National Transportation Safety Board (NTSB) board…Read More

Category: Current Affairs, Politics, Really, really bad calls, Taxes and Policy

Is The Only Purpose of a Corporation to Maximize Profit?

I am pleased to introduce to Big Picture readers someone I have known and admired for many years: Bruce Bartlett worked for Congressmen Ron Paul and Jack Kemp, and in the Office of Policy Development in the Reagan White House, and at the Treasury Department for George H.W. Bush. He is now a political independent….Read More

Category: Earnings, Really, really bad calls

Fool-proof Logic

Source: Washington Post

Category: Hedge Funds, Mutual Funds, Really, really bad calls