My reputation over the past few years — fairly or unfairly — has been that of a Bear.
However, even I want to tell Barton Biggs to settle the f#$% down. Dude, spark up a fatty, and chill out. You are scaring the natives.
What’s this about?
Biggs recently published another book, and it sounds a bit like the typical paranoic survivalist tomes:
"Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking it with "seed, fertilizer, canned food, wine, medicine, clothes, etc.”
The "etc.” must mean guns.
"A few rounds over the approaching brigands’ heads would probably be a compelling persuader that there are easier farms to pillage,” he writes in his new book, "Wealth, War and Wisdom.”
We hardly get to cite Biggs here at the TBP — an alliterative mention in 2004 (Barton Biggs Better Begin Browsing Blogs . . .), when he disasterously shorted Crude Oil in the high $40s (good times), and a mention of his last book is most of our Biggs coverage.
As to Hedgehogging, I must admit to being I was underwhelmed by it. It was marginally interesting in a gossipy kinda way, but I lost interest about half way through.
I haven’t seen this book yet, but I admit I am fascinated by the subject. I am not a big believer in either the efficient market hypothesis nor the Wisdom of Crowds — future discounting mechanism yes, but wisdom? Hardly — but I do find the subjects intriguing and worthy of further discussion.
War, markets, contrary indicators — "Buy at the sound of cannons, sell at the sound of trumpets" kinda thing is right up my alley. I may have to check this one out . . .
Biggs’s Tips for Rich: Expect War, Study Blitz, Mind Markets
Bloomberg, Jan. 30 2008
Its time to bid a not-so-fond adieu to the New York Times columns of Ben Stein. No, he is not leaving the paper. Rather, we’ve reached the point where Stein’s commentary has become detached from reality, so ridiculously fabricated, that it can no longer be read. Indeed, its become so absurd that not only have…Read More
No surprise here: Sales of HD DVD Players Plunge After Warner Move:
"One week after Warner Brothers Entertainment announced that it was abandoning its support for the next-generation HD DVD format in favor of the Blu-ray high-definition format, consumers abandoned HD DVD.
What was a 50-50 market split in 2007 for the high-definition players shifted sharply in Blu-ray’s favor in the new year. For the week that ended Jan. 12, Blu-ray hardware captured 90 percent of the market, according to data collected by the NPD Group, a market analysis firm."
Wired had the best take on the matter:
You’ve got to hand to Toshiba. Even now, when faced with overwhelming evidence that Sony’s Blu-ray has won the high def format war, the mortally wounded HD DVD backer just keeps on prolonging the inevitable.
So to the HD DVD camp I say this: You’ve put up a good fight, guys, but seriously, what are you going to, bleed on Blu-ray? Let’s move on with our lives.
Sales of HD DVD Players Plunge After Warner Move
ERIC A. TAUB
NYT, January 28, 2008
Hey HD DVD: It’s Not Just a Flesh Wound
Wired, January 28, 2008 | 4:22:25 PM
NPD Confirms Huge Blu-ray Share Jump http://hd.broadcastnewsroom.com/articles/viewarticle.jsp?id=291403