Pricking the climate bubble
Investors are pulling out of alternative energy stocks and short-sellers are targetting them, according to Bloomberg. The article quotes Ken Fisher:
“As an investment play,” global warming is “a bubble” and “social short-term craze.”
Mr Fisher is an eminent figure in global investing and the author of a book*1 and a column, both of which I admire. […]
Craigslist’s warning to UK newspapers
I feel the need to apologise before posting another quote of the day from Radio 4’s Today Programme. But frankly, I listen to it most mornings because it helps form the backdrop against which I make investing decisions (and others, like who to vote for :-)). The radio has a number of advantages:
It’s easy to […]
Advertising is “well out of the bath”
Quote of the day: Actually, it’s another quote from yesterday, when WPP announced its results for 2006. Sir Martin Sorrell on China, and the Olympic effect:
If you look back historically, the Olympics generally generates about another 1% of worldwide advertising growth. 2008 is going to be very different, however, because Beijing goes way beyond a […]
Live stripper on Radio 4
Quote of the day: Damon Buffini, the rags-to-riches head of Permira, defending private equity against charges of asset stripping:
You only have to look at the UK car industry to understand that if you don’t take action to put a business on a firm footing, things can go badly wrong. So we believe you sometimes have […]
Buffet vid fest
Milton Friedman, Warren Buffet, Joseph E Stiglitz: The great and the good interviewed and lecturing.
The ghost of trades past (and what it can tell you)
Here’s a conundrum posed by Todd Sullivan of Value Plays:
You bought shares in a company in January 2001. Five years on this is the situation:
Revenues have grown 80%
Earnings grew 147%
The dividend has grown 150%
Life must be good, he says, but no. You’re down 20%, and in 2003 you were down 60%. Who’s to Blame?
Big, ugly banks
[Editor’s note: Wynona is a guest blogger and industry insider I’ve recruited to give our blog some bite. Go on, give her some stick, she deserves it.]
Despite the fawning, two-dimensional praise lavished by too many City journalists on yesterday’s results announcement, big is NOT beautiful – not at all. Unless you are on the executive […]
The best possible time to be alive
I’ve just started reading ‘The Origins of Wealth‘ by Eric Beinhocker. It promises a radical remaking of economics. I’m expecting a lot, but I didn’t expect the book to deliver it before I’d even got to the contents page. On the page before is a quote from Arcadia, a play by Tom Stoppard. It […]
AB Enquirer joins our blogroll
Added to our blogroll: The AB Enquirer, aka Dave. His blog, which is not just about investing, is a good read. Yesterday he wrote a defense of ETF’s in response to a letter from John Bogle he’d read about here on the Interactive Investor blog. That’s the kind of knockabout stuff blogging was invented for. […]
John Bogle joins our blogroll
Added to our blogroll: The Bogle eBlog - little more than a collection of John Bogle’s speeches, letters and articles so. As a blog, it’s fairly unexciting, but Mr Bogle, who designed the first index tracker and founded Vanguard - a pre-eminent US fund manager, is an influential figure so it’s an interesting collection.
keep looking »