This was a really interesting interview on Francis Chou.  Chou has been a very successful value investor over the course of many years, and has a fascinating background.  I hope that you enjoy! http://online.wsj.com/article/SB10001424127887324595904578122822013974826.html?mod=WSJ_article_MoreIn_Management INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.Read More

It seems like Meredith Whitney might be trying to relive her glory days of predicting a dividend cut by Citigroup, as now she is saying that no CEO can fix Citigroup. I honestly have no clue what she is talking about.  Citicorp is posting 15% returns on tangible equity and Citi Holdings is only 9%...Read More

This WSJ article seems to not really understand bank business models or the current environment.  Right now banks are overloaded with huge litigation and regulatory costs which are effecting profitability.  In addition net interest margins are artificially low due to actions from the Federal Reserve.  As these issues reside, bank profits should grow.  In addition...Read More

Finally some snail steps towards progress on defining what a “qualified mortgage” is.  There is very little mortgage origination going on, which people don’t fully comprehend because it is overshadowed by the enormous amount of refinancing.  It is essential that there are clear and strong regulations on mortgages but it is really important for these...Read More

The WSJ has an interesting article on the high stakes that Microsoft has in terms of Windows 8.  It appears that this version is going to be substantially different, which should offer significant risks and reward potential.  I believe there is a large market for non-Apple operating systems and Windows should be well positioned to...Read More

The WSJ had a nice piece today on people whom have had their homes foreclosed about 3 years ago, dipping their toes back into the housing market now.  There are a huge number of people that had reached too far in terms of how expensive of a home they purchased, or that lost their jobs...Read More

I’m not an extremely political person as I believe that both sides are far too ideological to be truly constructive, but as far as the economy and business goes, I 100% believe that the path we are going has been immensely destructive to economic growth.  Jack Welch was CEO of General Electric for 21 years,...Read More

As if there wasn’t enough evidence of how ridiculous the regulatory environment has gotten, the below WSJ article describes how the Federal Reserve won’t share their formulas for the stress tests.  This process is so complicated and there is so much information that it is virtually impossible for any one formula to be right, but...Read More

For anybody that doubts how dire our current employment situation is, this article should add some perspective.  When laws are made by people that have no experience hiring, or growing an actual business, one shouldn’t be surprised that bureaucratic and divisive policies fail to stimulate growth.  It doesn’t have to be this way. http://online.wsj.com/article/SB10000872396390443493304578038381598741460.html?mod=WSJ_hps_LEFTTopStories INVESTING IN THE...Read More

As we speculated yesterday, Sprint (S) might certainly jump into the game for MetroPCS (PCS).  Consolidation is a priority in this industry and Spring and T-Mobile are vying for the number 3 spot, with Sprint having a considerable lead.  If Sprint can use its stock as currency for this deal so that it isn’t taking...Read More