The simpler it is, the clearer the message, the more successful you will be.
~ successful Brisbane Roar Football (Soccer) coach Ange Postecoglou on Sport Insiders
The same principles seem to apply to running a football team, a corporation or the national economy — which is why Herman Cain’s 9-9-9 plan shows a clear grasp of what is needed.
The Conscious Investor is a handy reference tool for both the private investor and valuation professional, offering a thorough examination of the merits of a wide range of fundamental valuation techniques and fresh insights into their application. John Price has a PhD in mathematics and taught Mathematics and Finance at universities around the world, yet I found his book refreshingly practical. Highlight of the book is the chapter on Forecasting, with its analysis of forecasting risk and application of Benjamin Graham’s margin of safety, popularized by Warren Buffet in recent years. I recommend this book to anyone interested in fundamental valuation.
The Conscious Investor is published by John Wiley & Sons, Inc.
WSJ interview with Herman Cain:
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His plan ticks many of the right boxes:
Consumption taxes are often seen as regressive — because everyone pays the same rate — but can easily cater for the poor/unemployed through food stamps and/or changes to unemployment benefits. The worst thing is to create an administrative nightmare with a two-tier system where some items (e.g. basic food or medicines) are exempt from the tax.
Big Picture surveyed readers, asking who were their most influential managers, thinkers, traders and strategists. This is the list they came up with:
Asset Managers | Researcher/Strategists | Media/Blogs
1. Jeremy Grantham | James Grant | Naked Capitalism
2. Jim Rogers | Robert Shiller | John Mauldin
3. John Hussman | Lakshman Achuthan | Paul Krugman
4. George Soros | Marc Faber | ZeroHedge.com
more ……
via TBP’s 30 Most Influential Finance Sources | The Big Picture.
[Barry Ritholz and his excellent TBP blog were excluded from the survey.]
After almost a decade at the top, Vancouver has been bumped by Melbourne, Australia’s second-largest city and home to two of the world’s biggest mining companies, in a survey of the world’s best cities in which to live.
We have changed the format of the Trading Diary to enable faster delivery and shorter, more readable newsletters. The old format had expanded to the point that it would take some readers hours to get through and even longer for me to write. The mailing list has also grown to 130,000 readers and it can take up to 12 hours to receive a post from when it is written.
I will post fresh analysis to this trading blog through the day, as the various markets open and close. Posts of no more than a few paragraphs are easier to digest and the Comments section on each page will hopefully encourage greater interaction with readers. Praise is welcome but constructive criticism has helped greatly to strengthen my analysis over the years.
Thank you for your support and I hope you enjoy the new format. Your Comments will be appreciated.
