Thursday, May 31, 2012

Bank Runs

I would not read too much into this, but it is interesting in a grim way: here is a link to a Google Trends search on the term "bank run."

Note that you can see the languages in which the searches happen most often. Greek is first on the list! However, Spanish and Italian give a very low result, suggesting that the methods Google uses here are not fool-proof.

HT Zero Hedge.

UPDATE: O.K., this is amusing. A friend of mind has pointed out that the heavy search activity in and around Holland, Michigan (as of right will update over time) is likely because of the 35th Anniversary Fifth Third River Bank Run there. This may not be the best choice of event for a bank to sponsor, from a p.r. point of view.

Wednesday, May 9, 2012

Klarman Profile

I am late linking to this, but I just noticed that there was a good profile of investor Seth Klarman earlier this year in Fortune. There is not enough to tell, from the article, whether or not Klarman correctly judged the community impact of the Ontario quarry investment. But, big picture, he is a smart guy who has done very well for his clients over a long period of time.

I posted a good quote of his last month, on our "Worst Generation" mentality.

Monday, May 7, 2012