Stephen Colbert talks to former Fed Chairman Ben Bernanke about what would have happened if they hadn't bailed out the banks during the financial crisis, and whether or not it worked. At the end of the video Colbert asks Bernanke, "Is this the happiest you've ever looked."
I'm sure ever day since leaving the Federal Reserve and saving the world from a Great Depression is pretty good day for Ben Bernanke.
Michael Lewis doesn't want to spend too much time in Silicon Valley much less in Palo Alto. And I don't think the major of Palo Alto's going to be giving Mr. Lewis the key to the city anytime soon either.
"It's a nice place to visit, the streets are clean, and everybody's rich — it's hard to find something you love there."
And this comment about Silicon Valley in general, I don't think the actual autistic folks are going to appreciate this comment.
"It’s a cold place. It's basically a bunch of autistic people wandering around," Michael Lewis said on Bloomberg.
So, yeah, I'm sure former Dick Costolo has plenty of ideas and suggestions for the writers of HBO's Silicon Valley based on all his years in the tech industry, but perhaps this interview Costolo did on CNBC early in the morning just after he resigned as CEO of Twitter could be helpful in a new episode for Silicon Valley.
It was just after Costolo stepped down and Jack Dorsey stepped in as CEO. It's specifically their use of the word "cadence
" a number of times in the interview....and then there's the part in the interview with CNBC's David
So what's the story with Warren Buffett wearing a Ndamukong Suh Miami Dolphins jersey....? Does Buffett plan on buying the NLF team or is it just because Suh was a Nebraska Cornhuskers' defensive tackle?
Michael Lewis wins again, his book The Book Short
is now a movie.
It seems a bit odd to see such famous and well known movie stars playing these roles, but I guess if they had unknown actors playing the roles the movie would never get made. Still, I think it would make the story more of a focus if the actors were in the background and not so well famous - if that makes sense.
From the outrageous mind of director Adam Mckay (Anchorman, Talladega Nights, and Step Brothers) comes THE BIG SHORT. Starring Christian Bale, Steve Carrell, Ryan Gosling
So who came up with the term, "wealth hedge
"...? It's hilarious.
With that said, perhaps the greatest "wealth hedge" the past few years has been the gold miners ETF called the GDX...but you did collect a dividend while it went from $65 down to around $13. The other joke that goes around is the "hedge against capital gains taxes", which means of course you'd need to have made some money in order to have that so called "hedge" offset your gains.
But it also means you're almost happy to have lost some money, which is absurd. Other great wealth hedges
Is this the old contrarian indicator? Barrons has Alibaba's Jack Ma on the cover and says Alibaba's stock could drop another 50%....but Barrons said Facebook's stocks was done when it was trading for $18, too. Also, remember that Alibaba could be “the biggest data analytics firm the world has ever seen”
Perhaps, if you believe in Alibaba for the long term, you might hope that Alibaba's stock gets hit and you could buy more shares. However, maybe there's some truth to the Barrons article about Alibaba...
. There's no doubt though that if Alibaba wins China, and fights off
What are they calling last Monday's nearly 1000 point drop? Is it a flash crash or a correction? Well, it certainly didn't seem to be much of a correction as stocks rallied within about an hour. Yes, if you were going to buy the "dip" you had about one hour to get your cash together and start buying stocks.
The question is would you or did you sell once stocks started to skyrocket back up? It's more of an argument overall for long term holding of stocks, I'd say. If you were buying this dip with the idea of
Justin Leverenz, director of emerging markets equities at Oppenheimer Funds, calls Alibaba "the biggest data analytics firm the world has ever seen"
. And Leverenz is someone who knows how the Chinese economy works, he's lived in China for over ten years and speaks the language. Not only that, but Leverenz just recently spent time with Jack Ma and the team at Alibaba. He likes Alibaba not just as an Internet marketplace or a financial transaction play, but for what it will be in the future.
Alibaba's stocks has been chopped in half from its high after its IPO, perhaps now's the
One fundamental rule to follow when investing in the stock market is to remain and calm and not to panic and tune out the noise. And you certainly don't want to sell all your stocks when there's a correction of some kind, you probably want to do the opposite and actually buy stocks when there's a major crash. So be careful out there and try not to listen to any former celebrity apprentice hosts who are tweeting about the stock market crash.