Reading Time: 8 minutes (Update Apr 2). April Fool’s day was yesterday but Financial Fool’s day continues. FASB just lifted the strict mark to marke rule (business week; market watch). (Original) This is NOT what I am saying, but this is essentially the bankers and their friends in congress are saying these days. Tomorrow FASB will vote on fasb
Reading Time: < 1 minute I sold my remaining BRK.B share last week, and got some US bank (NYSE: USB) shares instead. The main reason I sold BRK.B is: 1) I don’t really understand the valuation of the business, which is 50% insurance + 50% manufacturing, housing, retailing etc. I have no idea for insurance and the whole thing is
Reading Time: < 1 minute (update) CNNMoney appears to agree with me. When did I sound like MSM (main stream media)? Obviously, that’s how the US goverment thinks. When bailing out the AIG, they were saying AIG is a systematic important institution, and they just could not let it fail. And here is the bailout (handout details).
Reading Time: < 1 minute This is the T. Rowe Price TV commercial I saw today.
Reading Time: < 1 minute (Update 2: March 11) Cramer shot back, Stewart responds. The Daily Show With Jon StewartM – Th 11p / 10c In Cramer We Trust Daily Show Full EpisodesImportant Things With Demetri Martin Political HumorEconomic Crisis (Update) Correct the name (from Steward to Stewart).
Reading Time: 2 minutes We know CEOs of some of the nation’s largest banks are buying their companies’ stocks, to show their confidence on their respective company. It’s also interesting to see some of the leading banks are putting up a lot Ads on Wall Street Journal. I took some pictures here from WSJ in these days and share
Reading Time: < 1 minute CNBC Maria Bartiromo interviewing Saudi prince Awaleed, the largest shareholder of Citi Group (NYSE: C), after the US gov (aka we the tax payers) bailed out the Citi and the prince. Here are the terms (PDF). Maybe president Bush gave him assurance that his holding won’t get much diluted before the rescue? The video lasts
Reading Time: < 1 minute At Little Rock now. One new thing about my new job is more travel. Because I did not have much travel in my past jobs, I am in the mood for more trips. (source: http://littlerockarkansas.net/) Little Rock, Akansas is not a big town, but it got famous because of President Clinton was from here, he
Reading Time: < 1 minute According to cnanalyst: only two were up YTD: VisionChina (VISN) and NetEase (NTES, found by the fellow from my hometown Ningbo). Here is the list of top 5 and bottom 5. The first percentage number is the percentage change of Year to date. Your truely managed to picked up SPRD from the bottom 5. Rank
Reading Time: < 1 minute (Source: Yahoo Tech-ticker) or may I add Chinese kids, for that matter. One reason the New Oriental (NYSE:EDU), the China based private education company which specialized in TOEFL, GRE, SAT, ACT, College and Graduate entrance exams, has been so successful.
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