market wizards

The Financial Times caught up with two great economic pundits in Jim Grant and Stephen Roach. Below are links to six video interviews by the FT with these two gentlemen (three each). They should be enlightening regarding the global credit…

Echoing my sentiments in the last post, "The U.S. banking crisis: where are we?," Stephen Roach, the head of Morgan Stanley Asia has made a blistering attack on the U.S. Congress. He has labeled Congress's response to crisis…

Faber thinks that the U.S. needs a lot more money than the Paulson Economic Patriot Act suggests. I agree 100%. His figure is $5 trillion! That's a lot of dosh.Here is how he is quoted on Bloomberg:"The $700 billion is really nothing,''…

I just watched a great clip of an interview Jim Chanos, the famous head of hedge fund Kynikos Associates, did with the FT's Gillian Tett (Hat tip FT Alphaville). Chanos does a very good job of arguing hat short sellers are being unfairly…

By now, you have probably heard that Warren Buffett has made his bet and invested billions of dollars in Goldman Sachs. The market reacted positively and Goldman is now trading at near $133 a share (up 6% on the day). While I do see…

The latest government intervention into the capitalist system is the move by the UK and U.S. governments to ban short-selling of all financial stocks outright.In the wake of the severe market turbulence unleashed by the failure of Lehman…

I just spotted an interview in L'Express with George Soros while he is in France plugging his book on the credit crisis. His overall point is that markets are not efficient. They tend to excess. Present regulatory controls and banking…

George Soros recently released an interesting book called "The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It Means." The book critiques the new 'efficient markets' paradigm that has come to both control the…

Andrew Smithers is an economic commentator whose book 'Valuing Wall Street' I highly recommend. He is another market economist who shares my view that a 'Buy and Hold' Strategy is not necessarily the best. But he also has an economic…

Warren Buffett has done pretty well for himself, amassing a net worth north of $50 billion. Yet, for all his detailed analysis and combing through financial reports, he has never said he models things out to the nth degree.In fact, Buffett…