Bronte Capital
The sometimes eccentric views of John Hempton
Monday, November 10, 2008
Naked Capitalism on AIG
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Yves (Naked Capitalism) does an admirable job picking apart the latest AIG story. My original calculations on the AIG bailout are being ...
Weekend edition: things that get easier and harder every year
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It gets easier every year to read bank balance sheets. I get a lot of practice and it is not aerobic. And this is despite the acrobatics...
4 comments:
Sunday, November 9, 2008
A Krona Problem
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There is a New York Times story about what is going on in Iceland – and one thing jarred me – the quoted exchange rate. They quoted 130 ...
3 comments:
Saturday, November 8, 2008
Global diversification – an Australian perspective
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There is a post by Dennis P. Quinn Hans-Joachim Voth – good Finance professors both of them – on why international diversification does...
6 comments:
AIG - thy name is opaque
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I have been thinking about playing in the common securities of AIG. My view is that an awful lot of CDOs (and their CDS) are trading at le...
Friday, November 7, 2008
The Wisconsin Insurance Commissioner lets Ambac have its 3 billion
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Thanks to "anonymous" pointing it out in the comments. Here is the release from the commissioner... http://www.oci.wi.gov/pressre...
Thursday, November 6, 2008
Berkshire Credit Default Swaps
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I am quite familiar with Berkshire - about as familiar as you can get by reading stat statements and the like. I can not blow it up. That m...
11 comments:
Ambac: A surprisingly liquid after-market
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Ambac looks like toast. The downgrade gives them a massive and immediate liquidity call - and whilst I believe the insurance company will b...
6 comments:
My number 2 blowup
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Moodys has cut Ambac's rating to a level that triggers the GIGs to pay and hence causes a liquidity event. The liquidity event can be pr...
3 comments:
Tuesday, November 4, 2008
Walmart: Where is a statistician when you need one?
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Extracted from the shareholder letter of the last Walmart annual report: Improving Customer Experience We continue to invest in improving th...
12 comments:
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