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    Warren Buffett is becoming a pain in the rear end.

    Who would invest in a company that focuses on jobs ahead of profits? Value is created by the expection (and realization) of higher future earnings (cash flows) that can either be passed on to investors as dividends or re-invested to create growth in future earnings. (Read Warren Buffet's letters...
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    Warren Buffett is becoming a pain in the rear end.

    If people stop investing in companies with overpaid CEOs things will change. Until then, it creates investment opportunities for those who are smart enough to invest in companies with CEOs whose compensation matches their performance (value). The information is publicly available. It's easy to do.
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    Warren Buffett is becoming a pain in the rear end.

    Then fire the guy. And fire the board, too. That doesn't change the fact that there is only one thing a CEO can do that matters: increase the the value of the company. If he/she doesn't do that they should be fired. If you only invest in companies where the CEO compensation matches the...
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    Warren Buffett is becoming a pain in the rear end.

    CEOs don't get paid for "working hard." They get paid for increasing the value of the company. Period. Whether they work 5 minutes a week or 100 hours a weeks is irrelevant.
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    1/4% Tax on all stock trades pushed in NY Times today

    Why is it that 70% of the European countries are unable to learn anything from the Swedish FTT debacle?
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    1/4% Tax on all stock trades pushed in NY Times today

    In addition to Sweden, the Netherlands, Denmark, Malta and Ireland have all said they wouldn't even consider the FTT unless the UK is part of the package. On more than one occasion the Netherlands Finance Minister, Jan Kees de Jager, has said that if the UK is not included in any type of EU...
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    1/4% Tax on all stock trades pushed in NY Times today

    EU Wrestles With Financial Transaction Tax, Bank Stress Tests http://online.wsj.com/article/BT-CO-20110917-700914.html ...Still, the dialogue on a financial transaction tax has only just begun, said European Internal Market Commissioner Michel Barnier. He called the tax "politically...
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    $250,000 per JOB!!!!

    1. The US did not prosper in the 1950s-1960s because of high taxes, but rather because of the aftermath of WWII. At the end of WWII, the US had 5% of the world's population and almost 70% of the world's intact manufacturing and transportation infrastructure because most of Europe and Asia had...
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    Paul Krugman jumps the shark.

    Most people forget that Paul Krugman was a consultant for ENRON, receiving $37.5K for his services. (Krugman says that was a bargain since he usually charges $20k for a one-hour speech.) In 1999 he wrote a complimentary article about ENRON. Two years later, in 2001 when ENRON collapsed, he...
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    something for the 1% of you that aren't imbeciles. Y Scalping is hard

    Same here. I was a swing trader before I was a day trader. I had years of experience trading and reading charts before I ever tried day trading.
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    1/4% Tax on all stock trades pushed in NY Times today

    I would be more concerned if Osborne stood alone. The good news is that Sweden, The Netherlands, Denmark and other EU countries have also said no to this tax. Let's hope they stand their ground. The long-term difficulty is that Euro left-wing politicians, the news media and unions have done...
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    something for the 1% of you that aren't imbeciles. Y Scalping is hard

    The article says that decision making gets worse as the day wears on... I live on the west coast and start trading very early in the morning. I've always considered it a tactical advantage to get up early and focus intensely on trading before dealing with anything else. I don't know how...
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    Things Social Security Won't Tell You

    A 2% increase is a big number. Who's going to pay for it? Let's say it's split evenly between employer and employee. That's 1% each. For an employee making $50k per year, that's $500 a year out of pocket. That $500 has to either come out of savings or their consumption. In California...
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    EU Plans Transaction Tax Based on Traders’ Base, FTD Says

    As you said, there's very little support for a transactions tax in the US. A study commissioned by Bloomberg a couple of years ago said a financial transactions tax would cost New York City over 100,000 jobs and another 30,000 jobs would be lost in Chicago. Can you picture the Senators from NY...
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    1/4% Tax on all stock trades pushed in NY Times today

    Thanks for posting this article -- all good news.
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    1/4% Tax on all stock trades pushed in NY Times today

    It's politics. A friend of mine who lives in Sweden says that government officials there have to address the issue in a politically correct manner because there's so much public support for the FTT. Even in Sweden where it was an unmitigated disaster, the FTT has over 55% public support in...
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    AP:25 million ++ are unemployed

    http://www.bls.gov/lau/stalt11q2.htm Look at the last column of the chart: "U-6" That's the real unemployment rate. Right now it's 16.3% nationally, with all the states listed below. The government usually tells us about "U-3" unemployment because it doesn't look so bad. Of course...
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    1/4% Tax on all stock trades pushed in NY Times today

    Banks blast Franco-German transaction tax proposal http://telegraphjournal.canadaeast.com/rss/article/1432778 "A pan-European transaction tax is not going to happen; this is just noise," said a trader at an investment bank in London. The British Bankers' Association lobby group said...
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    1/4% Tax on all stock trades pushed in NY Times today

    Canada has also clearly stated their opposition to the FTT. The more G20 countries that come out against it, the better. http://www.cbc.ca/news/canada/calgary/story/2011/08/19/carney-flaherty-finance.html "Canada will continue to oppose any sort of financial transactions tax," Flaherty...
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    London no longer English?

    Multiculturalism is a nice idea, but an epic failure. The evidence is overwhelming. Read the following article about Harvard Professor Robert Putnam’s research and you'll see why. "A Harvard political scientist finds that diversity hurts civic life. What happens when a liberal scholar...
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