Danger danger: The Wall Street Journal has no idea on how to do hedge fund due diligence
About 30 percent of Bronte's portfolio is shorting frauds. We are very good at identifying frauds: we are experienced and diligent.
Alas some members of the fourth estate – often those with high profile mastheads – have no idea what they are...
What the demise of China Media Express says about the demise of Hank Greenberg and AIG
I met Hank Greenberg in late 2000. He was chatting mostly to Ajit Jain – the Berkshire Hathaway reinsurance impresario and I was a spare wheel. But Hank was I thought the most impressive person I had ever met. He name-dropped shamel...
Banking and supercatastrophe
The second substantive post on this blog was about 77 Bank - a bank in Sendai - the capital of Miyagi Prefecture. This is the epicenter of the Tsunami/Earthquake damage.
The original post - like this blog at the time - probably had less than 20...
China Media Express: all will be revealed
China Media Express (Nasdaq:CCME) has been my favorite drama on Wall Street (see posts here and here and here).
The stock is now suspended without news. We do not even know who called for the suspension.
It is time for the big reveal...
Just t...
French intelligence on Libya
The Libyan National Oil Company website - like the internet in Libya generally - is down.
Below I have copied a section (from the Google Cache) on relationships with Total - the Paris based oil major. It is clear that Total is thick with the Gad...
Keeping up appearances
The Forbes list of the world's billionaires has been published. Bess Levin and most the rest of the press focus on the big three (Carlos Slim, Warren Buffett, Bill Gates).
I notice the slowly rising position of Liliane Bettencourt - the wo...
The high frequency traders are just making it up
Whilst I am on the subject of rapid trading I can't let this go by (courtesy Josh). Its picosecond trading: quoting efinancialnews.com...
Speaking at a London conference on Tuesday, Donal Byrne, chief executive of Corvil, a high-speed trading t...
Audacious stock promoters or gungslinger day-traders
Lucas Energy is a small cap company which appears to be honest but surrounds itself with shady characters. The company buys shut-in and otherwise exhausted oil wells and rehabilitates them – a classic Ben Graham cigar puff play. The wells...
Audacious stock promoters or gungslinger day-traders
Lucas Energy is a small cap company which appears to be honest but surrounds itself with shady characters. The company buys shut-in and otherwise exhausted oil wells and rehabilitates them – a classic Ben Graham cigar puff play. The wells...
Diversions: Champian Fulton
I live in Sydney and have good weather and beaches. But I miss things.
Less now: communications are wonderful.
My friend Champian Fulton now has a You Tube channel.
Health care and fiscal reform
This is one for everyone who thinks the US is insolvent.
The US budget is clearly problematic. Social security is not a big problem (and people who argue otherwise clearly have not thought strongly about the numbers). Medicare however is ...
Weekend reading: Guadalcanal and Australian foreign policy
Brad Delong wrote a short post recommending Neptune’s Inferno as the best book he has read all year. I tend to read Brad’s recommendations - so - despite it being a long way from my usual reading material I got a (kindle) copy.
Neptune’s ...
