Epstein Secrets

t better in the second half of the quarter and we are optimistic about the trends." That doesn't mean crap to me unless a "fix" was made, and in Buffet's case it never happened. You can't let short term nonsense jerk you out of a long term trade that should probably work. I think under the curre

go find good mentors." If you go back and study the great investors throughout history—the Medicis, the Morgans, the Rothschilds, and recently Buffett—these great investors with terrific records share a common trait: they were always in a position to be liquidity providers. Each was willing to

lan and be you. Win, lose. or draw, do it on your own terms. For better or worse, there is only one David Einhorn, Mike Krensavage. Jeff Ubben, Warren Buffett, Jim Chanos. Roland Keiper. Stan Druckenmiller. Be your own person because otherwise it just all gets diluted and you can't beat the market or d

out to us. and if you just try to stay aware of their valuations, the market will provide you with opportunities from time to time. We can take Moody's as an example. The volatility of this stock measured over a 50- to 100-day period is about 30%. Just in February. the volatility on a 10-day bas

ch business confidence remains at two-year low Telegraph • News International could face charges over bribery allegations Telegraph • So how will Warren Buffett's son Howard spend his fortune? Telegraph • Diageo closes in on $2bn United Spirits deal Telegraph • Alaska to collect $255m for BP pipeline leaks

bery allegations Telegraph • So how will Warren Buffett's son Howard spend his fortune? Telegraph • Dia

full-year guidance looks better (trading +2.0%) • Diageo to buy 53.4% stake in India's United Spirits Ltd. for $2.04 billion (trading +0.56°/0) • Moody's is out saying that it will communicate its view on France within a few weeks • EU official says no Greek default on Nov 16 (€4 billion bond redempt

re's no risk. On the other hand, a high level of risk consciousness tends to mitigate risk. I call this the perversity of risk. It's the reason for Warren Buffett's dictum that "The less prudence with which others conduct their affairs, the greater the prudence with which we should conduct our own affairs." When

e perversity of risk. It's the reason for Warren Buffett's dictum that "The less prudence with which other

of lesser companies. Gilt-edge or investment grade bonds were considered safe and speculative grade bonds were considered risky. I'll never forget Moody's definition of a B-rated bond: "fails to possess the characteristics of a desirable investment." All of these propositions were accepted at face val

ssuers, just as the big three are. EFTA00705304 Wall Street types tend to look askance at credit ratings no matter who is providing them. Not even Warren E. Buffett whose Berkshire Hathaway owns about 12 percent of Moody's, says he depends on ratings in making investment decisions. Mr. Buffett prefers to make hi

Not even Warren E. Buffett whose Berkshire Hathaway owns about 12 percent of Moody's, says he depends on ratings in making investment decisions. Mr. Buffett prefers to make his own judgments on companies, he said last year while appearing before the Financial Crisis Inquiry Commission. But ratings servi

eople who actually buy securities — pay for ratings. But for all his talk about shaking up this industry, Mr. Kroll is hewing to the status quo. Like Moody's, S.& P. and Fitch, Kroll Bond Ratings will be paid by the issuers, just as the big three are. EFTA00705304 Wall Street types tend to look askance

This Bearish in a Year' 8. Shipping: Three High Risk, High Reward Options 9. Cramer's Stop Trading! Stop Freaking Out About Target (11/17/09) 10. Buffett's Holdings Outperforming in Q4 Editors' Picks Trading Tactics Matter with International ETFs 2. On Bailouts and Moral Hazard 3. A Fiscal Expansio

the past thirty years was paid for with debt. Of course, there's always a first time. Some of the debt was recently downgraded from A3 to Baal by Moody's, this is what they said: "Following recent disclosures of increased conditionality around when support could be provided to the GRIs" In other wor