Having unfortunately worked in the commodities industry I can speak from experience that the vast majority of people lose money buying or selling commodities.  This is particularly accurate when brokers are charging high commission fees and are aggressively trading accounts.  Commodities are much more difficult to value than businesses so it is inherently a more...Read More

One of the investors that I admire most Prem Watsa, discussed his belief that RIMM can potentially right the ship.  RIMM is a cheap stock with an excellent balance sheet.  The company generates plenty of cash and has 77 million users.  They do have a lot riding on the Blackberry 10 coming out later in...Read More

This was a really interesting take on some of the social issues that are impacting the economy in Japan. http://www.bloomberg.com/news/2012-04-25/three-reasons-japan-s-economic-pain-is-getting-worse.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

It looks like due to all of the negative press coverage and the dropping share price, Chesapeake CEO Aubrey McClendon is agreeing to negotiate an early termination for a program that allows him to invest in new wells.  This really doesn’t seem like enough as he owes over $1 billion on these wells.  Chesapeake has...Read More

We’ve been documenting the resurgence in AIG and the absurd valuation that “Mr. Market” is placing on the stock.  Another key cog of that value is their stake in Maiden Lane III.  Once the Fed sells these securities to repay the loan the balance will belong to AIG.  This could be anywhere from $4-$7 billion...Read More