With the recent Bear Stearns news I can’t stop thinking about the film “Better Off Dead” starring John Cusack as Lane Meyer…“I want my two dollars!” . . .
BlackRock plans a listed fund of hedge funds! Hooray! Oh, wait, it’s in London. Nevermind.
I (re)read Inside the House of Money on the plane last night, and the interview with Jim Leitner is a classic.
Some great soundbites from Jim Rogers:
On why Bear Stearns was bailed out:
You know the reason they did it this way was because, if Bear Stearns had to declare bankruptcy, you’d realize that Bear Stearns paid out billions of dollars in bonuses in January – six weeks ago. If he let them go into bankruptcy, they all would have had to send back their bonuses.
On letting banks fail:
Investment banks have been going bankrupt since the beginning of time. What are you talking about? Let somebody go bankrupt – it’s not the end of the world.
The hedge fund Implode-O-Meter has been pretty active lately. . .
I’m currently car shopping, and if oil keeps ripping, I may have to put down a deposit on an Aptera instead of that ’67 Camaro or old FJ40.
Rempel on how the aggregators still don’t get it.
Is your portfolio caught in a downdraft? Watching too much CNBC? Maybe the obvious answer was right in front of you the whole time. . .(nod to reader CC.)
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