Features of the week

What's driving events in this crazy world of ours this week? Join us as we follow the money trail in this Friday's, "Features of the week".

1. Let's expand domestic spying, and grant telecoms immunity.

2. Midwest floods ruin crops; higher food prices to come.

3. John Paulson is bearish on UK property, and sees $1.3 trillion in losses for financial companies in the credit crisis.

4. Lieberman makes risky bet in speculation ban bid.

See also: Tighter trading laws may be boon to foreign exchanges.

5. Wilbur Ross speaks to Bloomberg about MBIA and Ambac, and says they are unlikely to regain their AAA ratings.

6. Your tax bill: how McCain, Obama differ.

7. Troubled Waters: Barron's 2008 Midyear Roundtable.

8. What recession? Shoplifting to make ends meet.

9. The Confidence Man. NY Mag profiles hedge fund manager David Einhorn, he of short Lehman Brothers fame (Hat tip to The Kirk Report).

10. Death of America's suburbs is greatly exaggerated.

11. Timeline: Bill Gates at the helm of Microsoft.

Plus: Additional Gates-Microsoft timeline from BBC.

12. China announces fuel price increase; the price hike takes Chinese fuel prices to about $78.60 a barrel.

13. Charles Maxwell of Weeden & Co. says oil prices could go north of $200 based on supply and demand fundamentals (Bloomberg News Video).

14. Oilwatch Monthly - June 2008 (The Oil Drum).

15. North Dakota's new oil barrons: Bloomberg report on the Bakken formation.

16. Hidden fees in your 401(k). Bloomberg TV report.

17. The Road to Revulsion: James Montier on the life cycle of a bubble.

18. The 'secret' to happiness... is no secret (Financial Philosopher).

Thanks for reading Finance Trends Matter. Have a great weekend!

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety . My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes . Related posts: 1. Seth Klarman interviews and Margin of Safety notes 2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4.

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.

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