Firestations don’t cause fires
or at least that’s what Timothy Geithner said about a hundred times in his book Stress Test: Reflections on Financial Crises. The book was a good recounting from the perspective… Read more >
Berkowitz on investing in funds
With Bruce Berkowitz closing his mutual funds (FAIRX, FOCIX, FAAFX) to new investors, there looms a question on the ability of mutual funds to perform well under the regulatory constraints…. Read more >
Investing in Banks
I always have mixed emotions about investing in banks, having lost all sorts of wealth in the local WaMu crash – I spent a fair amount of time working there as did my… Read more >