Bronte Capital

The sometimes eccentric views of John Hempton

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:
Monday, June 21, 2010

Normal adjustment mechanisms – part five in the Edward Hugh tribute series…

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Australia is a commodity sensitive economy.  Greece is tourism sensitive.  Tourism is almost as big in Greece as mining is in Australia.  ...
18 comments:
Sunday, June 20, 2010

Weekend edition: he is not sick he is fully sick sick

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No stock implications – just a fabulous YouTube rap.  Christiaan Van Vuuren is locked up in quarantine in Sydney with a really nasty strain ...
Friday, June 18, 2010

Stress tests and sovereign solvency – part IV in the Edward Hugh tribute series

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The Scandinavian banking crisis was solved in the following manner (a).  The banks were guaranteed (b).  Someone independent of the bank...
6 comments:
Thursday, June 17, 2010

Digital rights management and international travel – a reason not to buy a Kindle – but maybe a reason to buy Amazon stock…

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I purchased a Kindle in the US.  I wasn’t an early adopter – but it was an early Kindle DX.  I loved it.  I get almost any book I want and t...
20 comments:

Emporiki – a Greek-French sideline – the third post in my Edward Hugh tribute series

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I once met the CEO of a French regional bank affiliated with Credit Agricole.  His bank was rich and a quasi-mutual – and hence he was only ...
3 comments:
Wednesday, June 16, 2010

National Bank of Greece: part 2 in the Edward Hugh series

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Edward Hugh is obsessed mainly with Spain – and Spain is the big picture – but the markets are obsessed with Greece.  Greece is ground-zero ...
9 comments:
Tuesday, June 15, 2010

In honor of Edward Hugh – Part 1

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Edward Hugh writes A Fistful-of-Euros – one of my favorite blogs. I always thought of Edward as some second-tier economics academic who was...
5 comments:
Thursday, June 10, 2010

The Fannie Mae and Freddie Mac reform proposal from Goldman Sachs

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Donald Marron and Phil Swagel have written a paper which proposes a reform structure for Fannie Mae and Freddie Mac.  It should not be take...
14 comments:
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