One of the best financial magazines ever, Forbes, has always approached the topic of investing and managing money with a low-tax slant and a healthy dose of humor (wealth and happiness are correlated, despite claims of many starving artists to the contrary. It's just that the correlation is logarithmic).
Anyway, they are starting a nice series on how crime might indeed pay - the secret is to be a financial "advisor" of any type. They favor a Ben Graham appraoch - make sure you have fat pitches and high probabilities on the upside and relativel low risk (a margin of safety) on the downside.
I am looking forward to part 2.
Showing posts with label Humor. Show all posts
Showing posts with label Humor. Show all posts
Friday, March 02, 2012
Thursday, March 03, 2011
A Swiss Bank Account for the Rest of Us
Having diffiuclty meeting those private client investment minimums after selling out in early 2009?
Perhaps your UBS account is being audited by the IRS ....
Well fortunately, you can still have a " Swiss Bank " account - though it might not be quite as secure as a vault deep under Zurich. The good news is, you won't have to worry about your banker recieving margin calls on structured finance vehicles, and the zero percent interest you receive won't be materially different from what you get from your "regular" bank.
One piece of advice though, fill it with Swiss francs, not dollars or euros .....
Tuesday, March 11, 2008
Sub-Prime Humor
Well, it's not exactly true - many of these mortgages were made to less dodgy buyers than they suggest in this clip, but the basic response of the markets is the same.
The bailout is coming because there are simply too many people who are going to suffer large losses. The sad thing is, the people who didn't get caught up in the frenzy will wind up paying the taxes to those who did.
And that is no joke.
The bailout is coming because there are simply too many people who are going to suffer large losses. The sad thing is, the people who didn't get caught up in the frenzy will wind up paying the taxes to those who did.
And that is no joke.
Thursday, February 21, 2008
CDOs - Humor
Asset-backed-securities (ABS) are at the center of the financial crisis in which the banking industry finds itself. Nevertheless, enterprising bankers haven't lost their sense of humor. (This was sent to me by a private banker friend).
This is a fairly concise synopsis for the layman of how the crisis is playing out.
Is this a sign that the crisis is coming to an end, or a sign that there is no end in sight?
This is a fairly concise synopsis for the layman of how the crisis is playing out.
Is this a sign that the crisis is coming to an end, or a sign that there is no end in sight?
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