Good morning, Here are my post Fed day morning train reads: • We’re on the verge of a crisis, bears warn (Money) • The Superinvestors of Unconstrained Bondsville (SSRN) • Would Keynes Have Been Fired as a Money Manager Today? (A Wealth of Common Sense) • Investors Rethink Taking a Leap Into Junk Bin (WSJ) • The CEO Who Saved…Read More
Category: Financial Press
Patience David R. Kotok Cumberland, January 28, 2015 Patience, noun. 1. the quality of being patient, as the bearing of provocation, annoyance, misfortune, or pain, without complaint, loss of temper, irritation, or the like. 2. an ability or willingness to suppress restlessness or annoyance when confronted with delay: “to have patience with a slow…Read More
Category: Think Tank
Shepard Smith explains:
“I sat next to Brian Williams, and we all have these place cards and his said, ‘Brian Williams, NBC News.’ And across from me was David Muir, the new guy on ABC. It said, ‘David Muir, ABC News.’ And then, over next to the president, was Scott Pelley, and it said, ‘Scott Pelley, ABC News.”
“And I looked at mine, and it doesn’t say anything about news. It just says, ‘Fox.’ And I looked at Bret Baier’s and it said, ‘Bret Baier, Fox.’ But all the rest of them got ‘news.’ I mean, I don’t care — lunch was great.”
This is pretty hilarious, because its true.
My solution was somewhat different: Rather than omit the word News, I put the word in quotes, thusly:
Starting today, anytime I write the words “Fox News” I will, for accuracy’s sake, put the word NEWS in its own quotes, like this: Fox “News”
— Barry Ritholtz (@ritholtz) January 13, 2015
Its more aggressive, less passive.
Kudos to Shepard Smith, for keeping it classy. And kudos to the White House, for speaking the truth.
Video after the jump
Apple’s first-quarter earnings were blow-out numbers. Far beyond what anyone forecast, the figures show Apple arguably had the single-greatest quarterly performance in U.S. corporate history. A quick overview: Apple’s net profit of $18 billion is an astonishing gain of 38 percent over the already-huge $13.1 billion in the same quarter last year. (So much for…Read More
We survived the snowpacalypse, with both electricity and internet access intact. Hence, our free range morning train reads: • Apple’s Earnings: The Staggering Numbers (WSJ) • Strong Dollar Squeezes U.S. Firms (WSJ) see also U.S. Strengths Buoy Consumers but Hurt Corporations With Business Abroad (Dealbook) • A Dozen Things I’ve Learned from Joel Greenblatt about Value Investing (25iq) • The new phase…Read More
Category: Financial Press