Prieur’s readings
Source: http://feedproxy.google.com/~r/wordpress/VYxj/~3/nX8t3Q9hlZo/Posted on Thursday, April 9th, 2009 | In Market Commentary
The following are some thought-provoking articles I have perused over the past few days that readers may also find of interest:
• Martin Wolf (Financial Times): What the G2 must discuss now the G20 is over, April 7, 2009.
Given the scale of the world’s macroeconomic imbalances, it is far from obvious that higher regulatory standards alone would have saved the world. This is not just a matter of historical interest. It is also relevant to the sustainability of the recovery.
• Nicholas Taleb (Financial Times): Ten principles for a Black Swan-proof world, April 7, 2009.
We need to return to a world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news.
• John Hussman, Fighting Recklessness with Recklessness, April 6, 2009.
• Wolfgang Münchau (Financial Times): The London summit has not fixed the crisis, April 5, 2009.
It ducked the question of bank rescue beyond a few meaningless and self-congratulatory statements. Instead, our leaders showed more interest in future crises than in the current one, writes Wolfgang Münchau
• Ambrose Evans-Pritchard (Telegraph): Swiss slide into deflation signals the next chapter of this global crisis, April 5, 2009.
Watch Switzerland closely. It is tipping into deflation, the first Western country to succumb to Japan’s disease.
• Willem Buiter (Financial Times): How the FASB aids and abets obfuscation by wonky zombie banks, April 3, 2009.
The HFSC used the threat that, if the FASB were not sufficiently accommodating, Congress would legislate on the matter off its own bat to give the zombie banks what they wanted. The FASB blinked and wimped under, as it had before.
• Michael Blastland (BBC): Why numbers no longer win arguments, April 2, 2009.
Numbers used to be cold, hard and clinical – a clincher in any argument. Now look at them: fluffy, soft and left meaningless by woolly-headed thinking.
• Steven Gjerstad and Vernon Smith (The Wall Street Journal): From Bubble to Depression?, April 2, 2009.
• Bill Gross (PIMCO – Outlook): The future of investing: evolution or revolution, April 2009.
Last 5 posts by Prieur du Plessis
- Prieur’s readings (November 21, 2009) - November 21st, 2009
- The lie of the investment land, according to Dylan Grice - November 21st, 2009
- Gross: Anything but .01% - November 21st, 2009
- The week ahead - November 21st, 2009
- Don Coxe webcast – updated (November 20, 2009) - November 21st, 2009
Ambrose Evans-Pritchard, bank rescue, BBC, bill gross, Congress, Depression, Financial Times, Japan, John Hussman, London, Market Commentary, martin wolf, Michael Blastland;, Nicholas Taleb, Steven Gjerstad;, Switzerland, The Wall Street Journal, Vernon Smith;, Wall Street Journal, Wolfgang Munchau
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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