Sunday, November 28, 2010

Mark Cuban to LeBron James: I told you, and you didn't listen

Mark Cuban, billionaire owner of the Dallas Mavericks, regarding LeBron James:

“When he was making his decision, what I told him, and I told Maverick, was that no team had ever blown up a team of all their core, then added a couple of free agents and won,” Cuban said. “It’s always taken someone to come into a good team to make it better and put them over the top. That’s what I told him.”

Saturday Nov. 27, 2010:

Miami 95
Dallas 106

Thursday, November 25, 2010

Monday, November 22, 2010

Jim Rogers to Ireland: Just Go Bankrupt

Jim Rogers: "It would teach everybody a good lesson, and in the end Europe would be stronger for it, and the EUR would be stronger... You can not spend staggering amounts of money that you don't have of other people's money that you don't have because somebody has to pay the piper. This is ludicrous. This will cripple the Irish economy for years to come. In the future Ireland will be crippled because everything they earn will go to pay off old debt. There is no reason why taxpayers around Europe or in Ireland should pay for other people's mistakes. The bondholders and the stockholders of banks should lose money"

Wednesday, November 17, 2010

Warren Buffett Just Loves Government Bailouts

Warren Buffett, newfound Oracle of Big Government, just loves U.S. government macroeconomic policy, circa 2008. This enabled him, among other things, to invest in and make 10% off of Goldman Sach preferred stock. Good for ya Warren! (less good for taxpayers)

Listen to Uncle Warren yuck it up:

In an op-ed in Wednesday's New York Times, Warren Buffett offers a belated thank-you to the U.S. government for averting a financial collapse back in 2008. "In this extraordinary emergency, you came through," writes the Oracle of Omaha. "And the world would look far different now if you had not." Buffett praises Fed Chairman Ben Bernanke, current and former Treasury Secretaries Henry Paulson and Tim Geithner, and FDIC Chairwoman Sheila Bair for acting with "courage and dispatch."


Wednesday, November 10, 2010

Bill Gates: feeling less capitalistic these days

Bill Gates: Capitalism Has 'Systemic' Problems Government Should Address

( - The CEO and Chairman of Microsoft Bill Gates said that capitalism’s “systemic" problems are not doing enough for research and “the needs of the poorest.”

“In general, the world under funds research because the person who takes the risk of doing the research doesn’t capture the full benefit of having done it and so you know, capitalism does amazing things but it has one systemic problem in terms of research that it won’t do enough,” Gates said at the mHealth summit in Washington on Tuesday.

Friday, November 5, 2010

Mortimer B. Zuckerman on President Obama

Mort Zuckerman, magazine editor and Canadian born real estate billionaire on the state of presidential politics in the country:

It was the worst of times for the Democrats and the best of times for the Republicans—almost. The GOP did not succeed in capturing the Senate, or dethroning the Democratic leader, but with an energy boost from the Tea Party movement it certainly reflected the anger and dismay of voters who see their country foundering at home and abroad.


Donald Trump for President?

Wednesday, November 3, 2010

A stock market buy recommendation or a market disguised as a sucker's bet?

Billionaire Ken Fisher Sees 16% S&P 500 Rally After Elections article

11/03/2010 Market Closes:

Dow Jones
11,215.13 +26.41 (0.24%)

S&P 500
1,197.96 +4.39 (0.37%)

2,540.27 +6.75 (0.27%)