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

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"

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."

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Bill Gates: feeling less capitalistic these days

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

(CNSNews.com) - 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.

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.

read::: politics.usnews.com

Donald Trump for President?

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

Bloomberg.com 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%)


Nasdaq
2,540.27 +6.75 (0.27%)

Paul Allen is bullish on biotechnology

Seattle's hometown billionaire and biotech entrepreneur Paul Allen is chipping $20 million into a new infusion of cash for Omeros, which also hauled in $5 million from the state's life sciences fund. The money will be used to finance Omeros' quest for new drugs that can hit some 100 potential GPCR targets--a field that backers expect will deliver new therapies for currently "undruggable" targets.

Read more: Billionaire Allen helps inject $25M into Seattle's Omeros - FierceBiotech

World’s Richest Man (Carlos Slim): Get a Job!

Carlos Slim:


“The only way to fight poverty is with employment.”


“Trillions of dollars have been given to charity in the last 50 years, and they don’t solve anything.”



Wall Street Journal article

Facebook billionaire Dustin Moskovitz says: "Let's smoke some......" (rhymes with hot)

Forbes article:::Facebook Billionaire Explains Why He Backs Prop 19

Buffett backed British retailer not having a Fresh or Easy time in Foreclosureville

With financial backing years ago from billionaire Warren Buffett, Tesco PLC continues to mothball stores in the Valley of the Sun (Phoenix) and elsewhere.


read:::article

Hey Trib: "Show us" your Bankrupt Culture

If there ever was an example of a classic business school case study showing how, as a billionaire tycoon acquiring a business for mostly sentimental value (Sam Zell), not to hire a CEO for the job (The Chicago Tribune) this is it. Enjoy the story from The New York Times about the life and times of Randy Michaels in Chicago as CEO of The Trib:

In January 2008, soon after the venerable Tribune Company was sold for $8.2 billion, Randy Michaels, a new top executive, ran into several other senior colleagues at the InterContinental Hotel next to the Tribune Tower in Chicago.

read>>>full article

Ex-billionaire, Donald Trump, thinking about running for president in 2012

(former billionaire) Donald Trump said today he's "seriously" considering running for the presidency in 2012.


"For the first time in my life, I'm actually thinking about it [running for president]," Trump told Fox News Channel. "I see what's going on with this country and it's never been worse. What's happening is a disgrace."

Billion dollar trader get billion dollar fine and gets locked up for 3 years

Ex-Societe Generale SA trader Jerome Kerviel was convicted on all counts today in history's biggest rogue trading scandal, sentenced to three years in jail and ordered to pay his former employer an incredible $6.7 billion in total damages.