Bronte Capital

The sometimes eccentric views of John Hempton

Monday, July 26, 2010

California Dreaming: requesting comments from Wachovia customers

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The defining character of bank results up until Wells Fargo was (a) rapidly improving credit and (b) declining revenue. When I state that ...
19 comments:
Saturday, July 24, 2010

Already a short follow up on Tarrants and Astarra

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The local paper has reported that Ross Tarrant has closed the financial planning arm of his business .  Ross Tarrant’s business survived t...
7 comments:

Astarra and the financial planners – Ross Tarrant tells us how his business survived the financial crisis without shedding a job

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By now it is obvious – the money in the Alpha Strategic Fund – now named the Astarra Strategic Fund – has been stolen. Who was the actual ...
2 comments:
Wednesday, July 21, 2010

Part VI in the Ed Hugh series – Emporiki decides not to compete on deposits

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Lets recap my arguments from the early parts of this series.  In Part 2 of the series I showed that if the Greek sovereign defaults either ...
6 comments:
Tuesday, July 20, 2010

Turning Japanese? Comments on the latest bank results

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I am thinking out loud here – and hope for comments.  For our portfolio it has not been a happy few days.  You will need to click for the ta...
21 comments:
Monday, July 12, 2010

Bank of America comes clean – well sort of …

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Bank of America has finally admitted that it understated the quarter end assets and liabilities for the years 2007 to 2009.  It does not (ye...
16 comments:
Friday, July 9, 2010

Don't waste a good spy exchange

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I grew up in the latter part of the cold war and despite our modern day challenges we are far better off with the nuclear armed and ideology...
8 comments:
Sunday, July 4, 2010

The Confidence Game: a commentary on the Ackman-MBIA book

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A correction to this post re the Australian infrastructure projects is at the end... The Confidence Game – the book about Bill Ackman’s p...
18 comments:
Sunday, June 27, 2010

Astarra weekend edition: Lockhart Road

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David Morisset is the nom-de-plume of David Andrews – a former director of Astarra Capital – later Trio Capital – the responsible entity f...
2 comments:
Thursday, June 24, 2010

Sonray Capital – another Australian broker failure

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Sonray Capital failed a couple of days ago and the clients are likely to incur nasty losses.  Strangely I first found out about this from U...
22 comments:
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