In an extremely positive development Italian Prime Minister Mario Monti said a majority of EU leaders support euro-bonds.  This is what absolutely has to happen to recapitalize the banks, fund sovereign debt, and get past this crisis period.  Germany and the other AAA’s will see a much larger long term benefit by keeping the EU...Read More

You might enjoy this quick little article on value investing.  It’s amazing how over a longer period of time the outperformance is generally remarkably better than growth funds.  There will be difficult periods such as during the tech bubble but patience is the key.  Short term mark to market losses mean nothing as over time...Read More

U.S. banks posted their highest quarterly profit since mid-2007 in the first quarter.  It’s amazing to see where these stocks are trading at right now despite their strong profitability.  Lending activity decreased in the quarter which is not a positive for the U.S. economy, but frankly is to be expected due to all of the...Read More

In the story that never quits I found a very interesting quote in a Bloomberg article about Facebook (FB) CFO David Ebersman approach to pricing the IPO. “Ebersman’s aim was to maximize the company’s IPO proceeds and to cap the first-day increase at 10 percent, said the people, who asked not to be identified because...Read More