Archive for April, 2010

In the morning, things coalesce.

Sunday, April 25th, 2010

I was going to attend the Trenton Computer Festival today mostly to harass Donn Fishbein from Neuroquant to ask him for any stock or analyst that could be considered a “leading indicator”.  But I changed my mind.

I looked into the volatility index (VIX) and the mathematics underlying that only to realize it is a lagging indicator.  Actually, since it’s constructed from the sum of option puts and calls, it would be closer to the truth to consider it a “Wisdom of Crowds” indicator.

Last night on Bloomberg Television during a program called Buffett and Beyond: The Future of Value Investing, four stock professionals (teachers or traders) were talking about Warren Buffett’s latest purchase of Burlington Northern Santa Fe Corp. They wrapped up the evening wondering how to tell if a company is faking their accounting to look better for investors.  The panel suggested looking carefully at balance sheets and talking about the numbers with management.

Needless to say, this is impossible for the average Joe (or Ceneviva).

Considering the ephemeral nature of money, the lack of skin in the game with the largest firms, the incentive structure of the investment banks and the lack of leading indicators, value investing could be considered difficult if not impossible.

What is WRONG with people?

Saturday, April 3rd, 2010

My wife and  I went to MOMA (Metropolitan Museum of Art) in New York City today, the day before Easter.  To be honest, she did gently remind me that it would be busy but I thought, “ok.  Busy I can take.”  But I wasn’t prepared for this. woman taking picture People, seemingly reasonable people are taking pictures of huge murals of Monet’s “Waterlilys” with their digital cameras then walking around to the next picture. I’m sure he’s spinning in his grave considering that he spent months to paint this and years in training before it only to have people take crappy pictures of it and not enjoy the art.
another idiot
another idiot I can only wonder how many pictures of this great masterwork are actually going to be viewed?
another idiot

Our Father who art in heaven, stay there.

Friday, April 2nd, 2010

Our Father who art in heaven
Stay there
And we’ll stay here on earth
Which is sometimes so pretty
With its mysteries of New York
And its mysteries of Paris
At least as good as that of the Trinity
With its little canal at Ourcq
Its great wall of China
Its river at Morlaix
Its candy canes
With its Pacific Ocean
And its two basins in the Tuileries
With its good children and bad people
With all the wonders of the world
Which are here
Simply on the earth
Offered to everyone
Strewn about
Wondering at the wonder of themselves
And daring not avow it
As a naked pretty girl dares not show herself
With the world’s outrageous misfortunes
Which are legion
With legionaries
With torturers
With the masters of this world
The masters with their priests their traitors and their troops
With the seasons
With the years
With the pretty girls and with the old bastards
With the straw of misery rotting in the steel of cannons.

–Jacques Prévert