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Archive for April, 2008

Iran’s President Wants it Both Ways

Posted in Economics, Everything, Politics, tagged , , , , , , , , , , , , , , , , , , , , on April 19, 2008 | No Comments »

The associated press came out with a staggering report out of Iran this morning. Iranian President Mahmoud Ahmadinejad declared $115 barrel oil “too low”. He said, “The oil price of $115 a barrel in today’s global markets is a deceiving figure. Oil is a strategic commodity that needs to discover its real value.”
He also claimed [...]

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Seth Klarman at MIT Sloan

Posted in Everything, Investing, tagged , , , , , , , , , , , , , , , , , , , , , , , , , on April 18, 2008 | No Comments »

On October 27, 2007, Seth Klarman who manages the Baupost Group gave a speech as well as answered questions at the MIT Sloan Investment Management Conference. Klarman stressed tuning out daily market blips. He noted most investors can’t tune out the so called noise. I would tend to agree with this assessment. Even so called [...]

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Big Oil Once Again Abused by Congress

Posted in Everything, tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on April 12, 2008 | No Comments »

Once again as prices at the pump skyrocket big oil executives had to defend themselves against critics in Congress. These hearings aren’t a surprise though. Every time gasoline prices make a big move to the upside Congress howls in anger pointing the finger at an “Oil Company Conspiracy”. Of course any rationally minded human being [...]

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