Search results for: “liars poker”
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The Fifth Risk by Michael Lewis
Michael Lewis’ The Fifth Risk is marketed as a Trump presidency book. The Donald The Fifth Risk starts off by telling the story of Chris Christie. How he helped the future Trump administration organise a government in waiting. Christie and the team are let go. Trump was worried about spending money. Given the revelations about…
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El Capitan + more things
Things that made my day this week. I have been quiet on here as El Capitan has a real problem with memory leakage with regards to mail.app, this necessitated a complete rebuild of the computer (which didn’t solve anything) and an eventual pruning of the library. This is a real software quality problem for Apple.…
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A Colossal Failure Of Common Sense by Lawrence G. McDonald with Patrick Robinson
Every financial point of inflection be it a recession or a boom has its signature event. The internet boom was marked by the IPO of Netscape and the merger of AOL with media company Time Warner. The internet bust was marked by Worldcom and Enron’s collapse. The current subprime implosion in the US was marked…
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The Strength of the Wolf
I chose The Strength of the Wolf by Douglas Valentine as I needed a good paperback to read as I travelled back to Liverpool. It seemed strangely appropriate that I read a book about narcotics travelling there; given that Liverpool’s recent history and cultural renaissance has been intertwined with its association as the UK’s narcotic…
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Who is Gary Winnick (and why I am writing about him?)
You may not know Gary Winnick, but at one time the fund manager who looked after your pension probably knew his name. For over two decades, Gary Winnick worked at the sharp practice end of capitalism. In the 1980s he worked with Michael Milken Drexel Burnham Lambert (Drexel) selling junk bonds. These were used to…
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Funds of funds + more news
Funds of Funds Funds of Funds May Actually Increase Risk, Study Finds – NYTimes.com – this feels counter-intuitive at first, until you realise that funds of funds are a synthetic financial instrument from the prospective of the end investor. Synthetic financial instruments led to problems like the 2008 financial crisis and the Savings and Loans…