Posts from October 2012

Never Ever Give Up

Thanks to a friend at US Trust, I was able to meet author James Bradley.  If you don’t know who he is, his first book is called Flags of Our Fathers.  I had seen the movie, but never read the …






Back Offices Aren’t Modern

One of the reasons cited for exchanges in NYC being closed the last two days is the back office.  The modern day back office of brokerage firms aren’t very modern.  They haven’t embraced technology in the same manner that other …






Breakfast Links

Good Luck to The Minimalist Trader.  He left Chicago for Boulder, CO. How much money did Ford ($F) take from the Federal government? Saved the auto industry my ass. Big government in Japan.  It’s not just the US.  This factor …






Benghazi; Why Weren’t AC-130 Spectres Scrambled

In the Benghazi cover up, it has been noted that the two former Navy SEALs were using laser pointers to paint targets.  That means they knew there was something in the air that was armed.  It was either a drone, …






Why Aren’t Exchanges Open?

One thought occurred to me yesterday, with electronic trading, why aren’t exchanges open?  One of the virtues of electronic trading is that it’s virtual.  Greg Harmon wrote an excellent piece on the topic.  Like him, I feel for everyone caught …






Breakfast Links

Sandy came ashore and wreaked havoc with the east coast.  It even snowed in Virginia. Stock exchanges remain closed.  Some are irked.  Gregg Harmon makes a great case on why the NYSE ($NYX) was a wussy. Futures are lower.  New …






Let’s Trade Nickels

Richard Grasso said this morning on CNBC that stocks should be traded in nickels, not pennies and sub-pennies.  I have been stating that since I started this blog back in January of 2010.  Why will nickels work better? 1.  Because …






Rethinking College

Was visiting one of my daughters at college this weekend.  Chatted with a bunch of people.  My oldest goes to a top ten liberal arts school.  It’s very interesting to me how they have chosen to treat their students.  Instead …






Breakfast Links

Hurricane Sandy.  First day both the NASDAQ ($NDAQ), NYSE ($NYX), and NYMEX ($NYX) will be 100% electronic.  Sandy shut down the markets. Stay safe east coasters.  I was planning to drive back through Virginia from North Caroline, en route to …






Beating the Odds

If you didn’t catch this weekend interview in the WSJ, I thought I might link to it here.  It touches on various themes we have espoused on in this blog. Rex Sinquefield is an index fund pioneer, a classical liberal, …






Breakfast Links

Are you are real foodie? The Libya coverup starting to weigh on Obama. The Navy Seals that defied orders three times, were trying to use lasers to point out where air support (that never came because Obama refused to order …






YCharts and Stocktoberfest

Yesterday, Shawn Carpenter the CEO of Ycharts presented at Stocktoberfest.  It’s the investor festival being hosted by Howard Lindzon of  the highly innovative Stocktwits.  From what I heard Shawn did a good job.  Doesn’t surprise me because Shawn is a great CEO. …






Breakfast Links

Maybe we all just have tumors. Everyday, this Benghazi thing gets worse.  Yesterday, the CIA threw Obama under the bus. Hundreds of birds removed from a townhouse.  A townhouse.  December 2012 coming soon. Borrow and spend doesn’t work. The plot …






Math Can Be Hard

A lot of folks are searching for compromise.  They want the parties to work together.  However, there are fundamental differences in visions.  There isn’t a compromise in the two visions. Democrats want higher taxes and greater government spending.  They are …






Breakfast Links

Spent the night in Charleston, WV.  Went to a nice place called Pies and Pints. They have their own microbrew here.  It was decent.  Walking back to the hotel, we happened upon a coffee shop that had some live jazz …






Chicago, The Entrepreneurial Ecosystem Is Growing

Yesterday was pretty fun.  Hyde Park Angels managing director Karin O Connor and I were at a lunch for our alma mater, The University of Illinois.  The College of Business puts these things on periodically in Chicago. Since co-founding HPA …






Breakfast Links

Interesting story on the evolution of man.  “If you’re at a party and someone says, ‘Oh, I can’t eat that—I’m lactose intolerant,’ ” he says, “you can tell them to shut up and eat the Parmigiano.” In defense of Richard …






Do You Cover Up?

News last night showed that the Obama administration knew of the Benghazi terrorist attacks while they were happening.  They also knew that it was an organized assault.  This is counter to their claim that it was a video inciting random …