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August 2013



Jobs That Do Not Need To Be Performed

August 20, 2013 – Comments (3)

I wrote a blog post a few weeks ago about the problem of QE that is called misallocation - misallocation of labor, capital, all sorts of resources.  [more]



General Motors

August 18, 2013 – Comments (7) | RELATED TICKERS: GM

Lot of history behind this brand.  My family were Pontiac and Buick folks for longer than most readers of this blog have been alive.  My own personal history has been a bit scattershot: still own my first car, a '65 GTO - as a collector car it's definitely affected by 'planned obsolence' built in at the factor.  [more]



Puttin' on the Hertz

August 13, 2013 – Comments (0) | RELATED TICKERS: HTZ , CAR

I've been renting cars a lot over the last year, and wanted to put some thoughts down regarding, in particular, HTZ.  [more]



Am I diversified?

August 09, 2013 – Comments (17) | RELATED TICKERS: AAPL , BWLD , GHM

Diversification doesn't seem all that important in the two kinds of markets that make the most impression on people: the raging bulls and the raging bears.  Whenever we get one of those animals on the prowl, there is a lot of ink spilt about "correlation," which is a fancy way of saying that a rising tide floats or sinks all boats.  [more]



Productivity gains

August 02, 2013 – Comments (3)

It's easy to take pot-shots at something you hear on CNBC - the usual folks are just chattering thoughtlessly - but I wanted to take a shot at something I heard today.  [more]

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