Friday, April 26, 2013

El-Erian Interview

Nice video interview of Mohammed El-Erian, posted earlier this month at the WSJ. El-Arian emphasizes how artificial asset prices are these days. The main reason is aggressive experimentation by central bankers who, of course, are in a very tight spot. Nine minutes.

The interview is by Francesco Guerrera, who is smart, independent of mind, and one of the few financial journalists worth reading.

Thursday, April 18, 2013

The Business of Investing, and Actual Investing

The business of investing requires, or, at least, seems to require:
- a steady stream of ideas
- attention to appearances
- light knowledge of many things.

Actual investing requires:
- patience and a very few good ideas
- contempt for appearances
- deep knowledge of a few things.