"Be fearful when others are greedy, and be greedy when others are fearful."
Warren Buffett [more]
I'm on the edge of my seat. [more]
Clearly in a good mood after a +6.8% 3rd quarter, Dan Loeb of course quotes Thucydides ... and 2Pac's song "Keep Ya Head Up" to describe his $9.3B hedge fund's approach to Greek bonds. Presumably puzzling many Third Point investors. [more]
This week I was tapped to be on a committee for evaluating our 401k plan options at work. Has anyone else gone through this process? [more]
As you probably know, precious metal miners have dramatically underperformed gold & silver over the last 30 years. This is not a normal phenomenon among natural resource companies - generally, companies that extract oil, gas, coal, iron, fertilizer, etc. have been able to invest in healthy ROI projects, apply positive operating leverage and outperform their commodities. [more]