Bronte Capital
The sometimes eccentric views of John Hempton
Tuesday, August 26, 2008
Counting and double counting – a comment on losses and accounting standards esp FAS 159
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Warning: Wonky accounting alert. Don’t bother reading this if you are not interested in wonky accounting issues Last post I asked if an...
4 comments:
Monday, August 25, 2008
Does anyone have a good estimate of losses recognised to date?
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In this post I talked about the Bloomberg list of losses recognised to date. I even gave a spreadsheet here . The problem with the Bloombe...
1 comment:
Sunday, August 24, 2008
This week's bank collapse
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FDIC Friday - and another bank was taken over by the FDIC. The number so far is relatively small - because the bad mortgages are not in the...
2 comments:
Saturday, August 23, 2008
Berkshire risk aversion - a follow up
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Thanks for all the people who followed up on this. I think we can safely conclude that the factual background in the original post was corr...
5 comments:
Some depressing thoughts
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The position of this blog has been stated several times. Subprime credit is a pig-in-the-python. It got bad very quickly – and it will g...
1 comment:
Friday, August 22, 2008
Risk aversion – Berkshire style
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Chatting with a well known blogger yesterday who made the (common) assertion that all insurance companies eventually go to zero. The world...
9 comments:
Thursday, August 21, 2008
Market puzzles - Fannie Mae and Freddie Mac
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Crank your mind back to 2006. You are a run-of-the-mill hyper bear (as I appeared at the time). Someone told you that in 2008 there woul...
16 comments:
Wednesday, August 20, 2008
I blame the one child policy: explaining the brokers part II
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This is going to look very tangential – but I know someone who is a demographer. And just as I think everything in the world comes down to...
6 comments:
Tuesday, August 19, 2008
Rick's rats on its clients
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I gather the kiss-of-death for any brothel owner is to blow confidentiality. You do that once - and nobody much has any incentive to keep y...
1 comment:
Rick’s Cabaret – a Gentlemen’s Establishment with a private jet
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This blog does not usually comment on small caps – but following Jeff Matthews I couldn’t resist. Ricks Cabaret is a listed consolida...
17 comments:
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