The Role of Luck
Never forget Lady Fortuna's influence: Good decisions can turn out poorly due to bad luck, and it is equally possible for terrible decisions to work out well due to good luck ...
The Digest #139
Volcker and Buffett on Inflation, Is Meta cheap?, Bernanke's Nobel, Painful times for housing, Revolutionary technologies, The right heroes ...
The Digest #128
Truth and Lies, Recession or Hovering?, Forward Guidance, Howard Marks, TransDigm, Tumi & Roam Luggage, Jeremy Grantham ...
The Digest #108
Russia's Heavy Losses, Economic Warfare, Networked Learning, Daylight Savings Time, Roger Lowenstein, Microcap Investing ...
The Digest #95
Executive Compensation, Howard Marks, Innovation Hubs, The Eternal Present ...
The Digest #83
Highway Removal, Food Delivery, Inflation, Home Prices, Reinforced Concrete, I Bonds ...
The Digest #79
Berkshire Hathaway's Annual Meeting, Tim Cook's Fortress, Elon Musk's War on Regulators, Podcast Highlights ...
The End of Wall Street by Roger Lowenstein
Roger Lowenstein did not succeed in being first to market with his book on the financial crisis. However, it is fair to say that The End of Wall Street represents one of the best portrayals of the events leading up ...
Roger Lowenstein: The Fed Should Burst Our Bubbles
Roger Lowenstein is the author of five books covering financial markets. His latest book, The End of Wall Street, was published in April. Mr. Lowenstein is also the author of an excellent biography on Warren Buffett written in 1995 which ...
Public Pension Funds Attempt “Hail Mary” With Leverage
In the late 1990s, pension funds decided that it would be a good idea to purchase stocks near the peak of the technology bubble. Strike one. In the mid 2000s, the idea was to join the private equity and hedge ...
Lowenstein’s Review of “The Myth of the Rational Market”
Roger Lowenstein's work has been discussed in some detail on The Rational Walk over the past few months. Lowenstein is the author of Buffett: The Making of an American Capitalist which was reviewed last month. More recently, he wrote While ...
New Jersey’s Pension Crisis: A Canary in the Coalmine?
Fortune Magazine recently published an article outlining New Jersey's pension dilemma. Based on the information in this article, it appears that New Jersey could very well be the canary in the coalmine when it comes to the widespread pension crises ...
Selecting a Buffett Biography: Lowenstein vs. Schroeder
While there have been countless books written regarding Warren Buffett's track record in business and investing, along with many books of variable quality seeking to find formulas to replicate his success, there are only two full fledged biographies that have ...