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April 2009



Calculating Ratios: TCE and Leverage

April 23, 2009 – Comments (1) | RELATED TICKERS: C

I found the correct, rigorous equations to calculate these ratios, for those who are following the bank meltdown.   [more]



Recession? U ain’t seen nothun’ yet

April 22, 2009 – Comments (6)

OK, something here is wrong. I know: 8% unemployment, people having trouble making mortgage payments, demand is up and donations are down at charities, restaurants cutting back hours and offering lower prices, downturn in corporate earnings and dividends, states and cities having trouble balancing bloated spending, car dealers closing, etc. Y’know, it sure seems like an ordinary recession, like the many we have had once or twice per decade recently. Is this right?   [more]



GM Bankruptcy = Another Financial Panic?

April 21, 2009 – Comments (4) | RELATED TICKERS: GM

According to a newswire story, Chrysler bondholders (some of which are well known mutual funds) are only offering half of what Uncle Sam wants in debt for equity exchange. The writer theorizes that they are being so intransigent because they might have already bought default swaps.  [more]



TCE - stress test, solvency, calculation

April 21, 2009 – Comments (5)

Found out several interesting things about Tangible Common Equity Ratio (TCE) today.  [more]



Berkshire Hathaway 2008 Annual Report = educational

April 07, 2009 – Comments (0) | RELATED TICKERS: BRK-B , BRK-A

Well, I spent some very pleasant evenings reading this thing, and it is a task I recommend highly. It was quite informative, and this tome (OK, only about 95 pages) has earned a place on my bookshelf next to books by Malkiel, The Intelligent Investor, Schwab, and Bogle; I learned quite a bit from this rather modest, perfunctory booklet, and I now have a rather clearer, more basic attitude towards investing.   [more]

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