Bronte Capital
The sometimes eccentric views of John Hempton
Friday, August 29, 2008
From the comments - believing in Magic
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Bondinvestor (whoever they may be) left a reasoned piece in the comments. It disagreed with my position on Magic outlined in this post . I...
1 comment:
Thursday, August 28, 2008
Ripping off two charts – Moodys mid year residential mortgage backed security performance update
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Moodys has published a short report entitled U.S. RMBS Mid-Year Performance Update: H1 2008 . This post will shamelessly rip off a two ch...
Wednesday, August 27, 2008
Reducing post frequency
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I started doing this blog with the idea of two posts per week, but it somehow morphed into one per day. I had a lot to say and somehow had ...
8 comments:
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:
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