Seth Klarman Interview

"What’s wonderful about Graham and Dodd is that their advice is timeless. And it is not just about investing; it’s also about thinking about investing. It basically teaches you the questions that you should ask, and it makes endless references to the foibles of human nature in the markets."

Here is the link:

http://www.alumni.hbs.edu/bulletin/2008/december/oneonone.html

Merry Christmas!

Tom Friedman calls for a reboot of America - but a society cannot be shut down and restart like your good old PC. A crisis is just what the doctor ordered. It will be a terrible waste if the crisis doesn't change anything.
http://www.nytimes.com/2008/12/24/opinion/24friedman.html?em

One thing is for sure - something have already been lost.
http://web.wenxuecity.com/BBSView.php?SubID=music&MsgID=439518

Keynes Moment

Minsky Moment brought out the moment for Keynes.
http://www.nytimes.com/2008/12/14/magazine/14wwln-lede-t.html