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Editor’s note: James Altucher is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written ten books. His latest books are I Was Blind But Now I See and 40 Alternatives to College . You can follow him on Twitter @jaltucher . Warren Buffett is like my ten year old.
Judy Lynch is driving a forklift, and I am trotting behind her. A plastic stopwatch hangs from my neck on a lanyard, and I am carrying a clipboard, from which I have wiped several years of warehouse dust. The dust, black and sticky, consists mostly of tread particles from solid-rubber forklift wheels. It lies a quarter-inch thick on the concrete. Lynch leaves a furrow as she drives. She asks whether she needs to slow down for me.
It’s been seven months since protesters gathered at Zuccotti Park in New York, introducing the slogan “We are the 99 Percent.” This week, editor Janet Byrne has gathered some of the best writings on the movement into The Occupy Handbook , featuring essays by authors like Chris Hedges, Paul Krugman, Amy Goodman, Barbara Ehrenreich, Jeffrey Sachs, and Nouriel Roubini. In this excerpt, Michael Lewis has a back-and-forth with Michael Lewis. What was your first reaction to the Occupy movement?
The world of prop traders being rather small, there can be no further details to divulge, other than that he ordered tea. "I am a prop trader. I don't trade on behalf of clients but I use the bank's own money to make more money for the bank. My specialisation is emerging markets, though with everything that's happening recently I've expanded my range.
GOLDMAN Sachs analysts have a tendency to be rather bullish, as those who remember Abby Joseph Cohen will attest, but they carry weight on Wall Street. So it was interesting to read a 40-page note from Goldman called The Long Good Buy; the Case for Equities which concludes that the prospects for future returns in equities relative to bonds are as good as they have been for a generation The report is written by Peter Oppenheimer, a thoughtful analyst who has been around for 20 years and is by no means a perma-bull.
Bloomberg’s Billionaires Index. A game of billionaire one-upmanship is raging — not between moneyed barons themselves, but over who is counting them, and how. Last week, Bloomberg announced the creation of a Billionaires Index . Updated daily at 5:30 p.m., the list would track, in more or less real time, the wealth of the world’s 20 richest people. The announcement was seemingly timed to steal a bit of thunder from Forbes, which was scheduled to announce the 2012 edition of its own long-running list of billionaires later in the week. (In an added bit of jersey-switching drama, Matthew G.
And my returns look like this “THE most beautiful deleveraging yet seen” is how Ray Dalio describes what is now going on in America's economy. As America has gone through the necessary process of reducing its debt-to-income ratio since the financial crash of 2008, he reckons its policymakers have done well in mixing painful stuff like debt restructuring with injections of cash to keep demand growing.
We know, you just bought that copy of Playboy for the Paul Krugman interview. The Nobel Prize-winning economist and New York Times columnist may not be center-fold material (or maybe you're into that middle-aged bearded wonky economist sort of thing? We're not judging), but he's using the iconic magazine to discuss his views on the sexiest of topics, you guessed it: the financial crisis.