Bronte Capital

I will leave aside Felix Salmon calling me “socially useless” (as a short seller) until I am in a position to reveal my pithy reply.  For t...

I am just back from my summer holidays on the New South Wales South Coast.  To my (mostly) Northern Hemisphere readers I should boast about ...

The Federal Regulatory Energy Commission (the FERC) is charged – amongst other things – with regulating the rate of return on interstate nat...

The distinctly cooler Mr Hempton (my cousin Nick) is doing a gig (with his band) at Smalls Jazz Club Saturday night. Its 183 West 10th str...

One of the joys of the blog is that I have several readers who are WAY smarter than me.  One pointed out that I did NOT get it wrong in my P...

Money management can be one of the most interesting careers in the world. At best it gives you lots of unstructured time to think about how ...

The dollar bears (and inflation mongers) are all over the blogosphere and press at the moment. It is almost a consensus that the US dollar i...

Saturday afternoon and I had volunteer lifesaving duty.  My (broken) collarbone is knitted enough to be able to go in for a swim in modest s...

Here is a sequence of numbers to bring tears of joy to a stockholder and tears of rage to a liberal pundit.*  197 262 211 1...

There have been some mathematical corrections to this post discussed in the comments. My pencil notes had the numbers right. By the time ...