Browsing All Posts published on »October, 2010«

Why Banking Crises are Inevitable

October 29, 2010

0

It has long been my view that asset-price bubbles and the financial crises that often follow are intrinsic components of the capitalist system that cannot be avoided.  Thanks to Anjan Thakor at Washington University in St Louis, we can now understand why crises are inevitable within the banking system.  In “Are Financial Crises Inevitable?” he […]

Equity Bulls Don’t Need Quantitative Easing to be Proved Correct

October 28, 2010

0

At present, there is much speculation surrounding whether or not the Federal Reserve will engage in another round of quantitative easing and if so, in what size.  Recently, stock prices have declinedon worries that quantitative easing will not occur in the size initially assumed, as this article from CBS explains: World stock markets fell Wednesday […]

How To Find Investment Ideas

October 21, 2010

2

Aside from following investment tips in newspapers, newsletters, from sell-side analysts and on online stock market forums – all of which are often-used but also relatively low-quality information sources – where can investors discover equity investment opportunities?   In this article I discuss some of my favoured methods, which are listed in no particular order. […]

Why A Slower Pace of Government Deficit Reduction Isn’t a Big Problem

October 18, 2010

0

With the unequivocal manner in which some UK Coalition Government have been speaking recently, people might be forgiven for thinking that the pace of government deficit reduction set out by George Osborne in the 10th June 2010 emergency budget had instead been handed-down to him by God at Mt Sinai.  However, as noted at a […]

Why We Need The Recession

October 15, 2010

1

While the thrust of this article is undoubtedly controversial, I feel that many people are forgetting that a recession is a normal part of the business cycle and the processes that take place during a recession are necessary to lay the groundwork for any recovery.  Below are some of the key reasons why we need […]

A Round-up From the Value Investing Congress (Day 2)

October 14, 2010

0

Further to yesterday’s post, below are some links to articles looking in more detail at investment ideas discussed on the second day of the Value Investing Congress: David Einhorn of Greenlight Capital describes why he his short St Joe Co and long Vodafone. Alexander Roepers likes glass bottle manufacturer Owens-Illinois. Kyle Bass of Hayman Advisors […]

A Round-up From the Value Investing Congress (Day 1)

October 13, 2010

1

As described in their own PR literature the Value Investing Congress is “the place for value investors from around the world to network with other serious, sophisticated value investors and benefit from the sharing of investment wisdom.”  Some of the world’s most respected investors attend the conference and share their investment ideas with the other […]