Monthly Archives: October 2009

1927-1933 Chart of Pompous Prognosticators The New York Times looks back at 1929 crash 1929 Crash Timeline Wall Street Crash of 1929 @ Wikipedia Dow Jones Industrial Average (1900 – Present)

Jeremy Grantham Latest Newsletter at GMO Just Desserts I can’t tell you how surprised, even embarrassed I was to get the Nobel Prize in chemistry. Yes, I had passed the dreaded chemistry A-level for 18-year-olds back in England in 1958. … Continue reading →

“An investment is simply a gamble in which you’ve managed to tilt the odds in your favour,” writes Peter Lynch. There is no stock which is a sure thing, as Lynch puts it ‘Fortunes change, there is no assurance that … Continue reading →

Alexander McCall Smith loves bridge’s endless rules, carping partners and mental challenges by A. M. Smith – WSJ I am not sure if there are clinics that will help you get over bridge, but if there are not, then perhaps … Continue reading →

Source

Source: ET We have seen a 80% rise in the stock markets over the last one year, the highest pace in fact in the last eight years and one man saw this happening. We are talking about the pied piper … Continue reading →

The Distressed Debt Investing blog has four posts on the wisdom of Seth Klarman, founder of The Baupost Group. I highly recommend the posts, as they quote from Klarman's hard-to-obtain annual letters and provide an excellent view into his investment … Continue reading →

The herd mentality is well-documented outside the investment world. While it is not given much thought within the investment world (exceptions include discussions on the topic from both Ben Graham and Stephen Jarislowsky), it plays a large role in the … Continue reading →

Mohnish Pabrai currently manages Pabrai Investment Funds, which he founded in 1999. The fund has around half a billion dollars in assets under management. Pabrai went to the US in 1982 to do his undergrad in computer engineering. After that, … Continue reading →

Highlights From – Margin of Safety by Seth Klarman More on Seth Klarman