This is one of the major problems I have with investing commentary (more here). There are so many blogs, reporters, and portfolio managers that I put in the camp of “ranters”. They rant about this and that (Gold to $2000! Oil to $10! Oil to $300! Inflation! Deflation! The Fed!), but the bottom line is “do they help you make money”? Does watching CNBC help you make money? Does watching Mad Money help you make money? Does any of the news you ingest help you manage your assets in a more productive way?
(The title of this post comes from one of the best books of all time on investing that is unfortunately out of print. The cheapest version is around $350 on half.com. Bad, but not “Margin of Safety” bad.)
—-
I take exception to the above for Marc Faber.
—-
—-
Great new Grantham article at GMO.
—-
I would say this exit letter ranks up there with some of the best exit letters of all time (including this hedge fund closing last year). It’s always nice to retire on your own terms.
—-
—-
Top 10 FT MBA Rankings:
1. University of Pennsylvania
2. London Business School
3. Harvard Business School
4. Columbia Business School
5. Insead
6. Standford University
6. IE Business School
8. Ceibs
9. MIT
10. NYU
