| On a hot afternoon in September, Renaissance Technologies LLC founder Jim Simons is too busy to take a phone call. It is, he says, from Cumrun Vafa, a preeminent Harvard University professor and... | |
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| The tangled web of subprimes has claimed more than its share of victims in recent months: homeowners by the hundreds of thousands, to be sure, but also those who created, packaged, insured,... | |
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| Within the hedge fund industry there are some trades that are destined to live on in legend: Jessie Livermore’s claimed $100m profit from shorting the 1929 crash, Paul Tudor Jones’ prediction of the... | |
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| The head of Fairfax Financial had a front-row seat when the Japanese market began its 15-year retreat. And he thinks the U.S. indexes might be about to do the same.The global credit squeeze is in its... | |
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| In October 2006, National Indemnity, a unit of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), signed a landmark deal to assume the assets, liabilities, and operations of Equitas, formed by Lloyds of... | |
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| When markets go sharply south, investors often act shocked and bewildered. Allusions to "perfect storms" and hundred-year floods parade through the financial headlines as if the market gods were... | |
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| The world’s housing, oil, and stock markets have been plunged into turmoil in recent months. Yet consumer confidence, capital expenditure, and hiring have yet to take a sharp hit. Why?Ultimately,... | |
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| WE have to consider the possibility that the housing price downturn will eventually be as big as that of the last truly big decline, from 1925 to 1933, when prices fell by a total of 30 percent.As of... | |
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| Benjamin Graham was born Benjamin Grossbaum on May 9, 1894, in London, and sailed to New York with his family before he was two. He attended New York City public schools and excelled at every subject... | |
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| In Berkshire Hathaway's (BRK.B) 2004 annual shareholder letter, chairman and CEO Warren Buffett wrote, "…be fearful when others are greedy, and greedy only when others are fearful," when explaining... | |
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