Skip to main content

Features of the week

What a week it's been.

Subprime mortgages and collateralized debt obligations made waves on Wall Street as two Bear Stearns hedge funds collapse under the weight of their subprime-heavy CDOs. Meanwhile, the financial community worries that banks, pension funds, and hedge funds owning these instruments will have to write down the value of their holdings, spurring fears of a broader fallout from the ongoing subprime deterioration.

Violence rocked the Middle East as a sort of civil war rages on in Gaza between Palestinian factions Fatah and Hamas. Meanwhile, a suicide truck bombing of a Baghdad mosque has left many dead and injured as the survivors wonders who is to blame for the divisive attacks.

Plus, Blackstone goes public (slightly ahead of schedule) and proceeds to surpass its $31 offering price by 13% during the first day of trading.

Read on for news of all these issues and more, as we list our features of the week.

1. Blackstone Group cashes out of its private-firm status as it lists on the NYSE for its first day of public trading. Forbes asks if buying into Blackstone now means "buying high", or near the peak of a private equity cycle.

2. Private equity firms will continue to go public, despite recent concerns over changes in tax laws which currently favor them. See, "Private equity IPOs unfazed by tax man".

3. Bear Stearns attempts to bail out one its money-losing hedge funds as worries over subprime lending and the opaque nature of the CDO market come to public attention.

4. Jim Rogers talks to Maria Bartiromo about China and commodities in this recent CNBC interview clip, courtesy of Tangibulls.com

5. Marc Faber says, "sell your Warhols and buy dollars", in a recent FT commentary. See also, Marc's recent contribution to AME Info, "Old violins are playing the last waltz".

6. Warren Buffett in a recent conversation with Charlie Rose at the recently revamped Charlie Rose website.

7. Divide and conquer: as suicide bombings in Iraq continue to take their deadly toll, Iraqis are left to wonder who is sowing the seeds of strife.

8. Rethinking crop biofuels. Plus, FT's Doug Cameron examines ethanol subsidies in the US.

9. The Economist uncovers, "The truth about recycling".

10. "China bulldozes its urban heritage". An FT Weekend report.

11. Bloomberg takes a look at the modern methods of insider trading.

12. Wilbur Ross talks about debt creation, corporate defaults, and "risk-ignored rate of return" in a recent Bloomberg interview.

13. Value investor Mohnish Pabrai recently joined Bloomberg TV in the studio to talk about his investment philosophy and the merits of investing in Berkshire Hathaway.

14. "Music & Life". Alan Watts relates music to life's "journey" in this animated clip produced by Trey Parker and Matt Stone. Thanks, Wayne!

Have a great weekend, everybody.

Popular posts from this blog

New! Finance Trends now at FinanceTrendsLetter.com

Update for our readers: Finance Trends has a new URL!  Please bookmark our new web address at Financetrendsletter.com Readers sticking with RSS updates should point your feed readers to our new Finance Trends feedburner .   Thank you to all of our loyal readers who have been with us since the early days. Exciting stuff to come in the weeks ahead! As a quick reminder, you can subscribe to our free email list to receive the Finance Trends Newsletter . You'll receive email updates about once every 4-8 weeks (about 2-3 times per quarter).  Stay up to date with our real-time insights and updates on Twitter .

Moneyball: How the Red Sox Win Championships

Welcome, readers . T o get the first look at brand new posts (like the following piece) and to receive our exclusive email list updates, please subscribe to the Finance Trends Newsletter .   The Boston Red Sox won their fourth World Series title of t he 21st century this we ek. Having won their first Se ries in 86 years back in 200 4, the last decade-plus has marked a very strong return to form for one of baseball's oldest big league clubs. So how did they do it? Quick background: in late 2002, team own er and hedge fund manager, John W. Henry (with his partners ) bought the Boston Red Sox and its historic Fenway Park for a reported sum of $ 695 million. Henry and Co. quickly set out to find their ideal General Manager (GM) to help turn around their newly acquired, ailing ship. This brings us to one of my fav orite scenes from the 2011 film , Moneyball , in which John W. Henry (played by Ar liss Howard) attempts to woo Oakland A's GM Billy Beane (Brad Pi

William O'Neil Interview: How to Buy Winning Stocks

Investor's B usiness Daily founder and veteran stock trader, William O'Neil share d his trading methods and insights on buying winning stocks in an in-depth IBD radio interview. Here are some highlights from William O'Neil's interview with IBD: William O'Neil's interest in the stock market began when he started working as a young adult.  "I say many times that I didn't get that much out of college. I didn't have much interest in the stock market until I graduated from college. When I got married, I had to look out into the future and get more serious. The investment world had some appeal and that's when I started studying it. I became a stock broker after I got out of the Air Force."    He moved to Los Angeles and started work in a stock broker's office with twenty other guys. When their phone leads from ads didn't pan out, O'Neil would take the leads and drive down to visit the prospective customers in person.