Linkfest: Berkshire TBTF? Bullish managers resist Goldman’s ‘pricey’ call; Icahn’s Apple offensive
Categories: Linkfest
Today’s most shared:
- Feds examine whether Berkshire Hathaway is systemically important.
- Bullish money managers push back on Goldman assertion that stocks look pricey.
- Icahn fires another broadside at Apple, buys more shares.
- Gross on Pimco shakeup.
- Krugman – people who call for higher rates are talking their book, inflation and financial stability are merely a pretext.
Berkshire Said to Face Start of U.S. Scrutiny on Systemic Risk
Bloomberg
Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with knowledge of the matter.
shared by @HamzeiAnalytics, @fiatcurrency, Naked Capitalism, @SimoneFoxman
Bloomberg
Regulators are starting to scrutinize Warren Buffett’s Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to two people with knowledge of the matter.
shared by @HamzeiAnalytics, @fiatcurrency, Naked Capitalism, @SimoneFoxman
Goldman Stocks Strategist Fends Off ‘Barrage’ After Valuation Call
Wall Street Journal
Looks like David Kostin, equity strategist with Goldman Sachs, got some pushback from clients after a recent note asserted U.S. stocks look pricey.
shared by Abnormal Returns, @MParekh, @SimoneFoxman, @SconsetCapital, @LaurenLaCapra
Wall Street Journal
Looks like David Kostin, equity strategist with Goldman Sachs, got some pushback from clients after a recent note asserted U.S. stocks look pricey.
shared by Abnormal Returns, @MParekh, @SimoneFoxman, @SconsetCapital, @LaurenLaCapra
Icahn blasts Apple again, boosts position to $3 billion
Reuters
Activist investor Carl Icahn lashed out against Apple Inc again on Wednesday, and tweeted that he had bought $500 million more shares in the company in just the past two weeks.
shared by @edwardnh, NYT Dealbook, @davidgaffen
Reuters
Activist investor Carl Icahn lashed out against Apple Inc again on Wednesday, and tweeted that he had bought $500 million more shares in the company in just the past two weeks.
shared by @edwardnh, NYT Dealbook, @davidgaffen
’I didn’t want Mohamed to go but now that he is going, I am ready,’ says Bill Gross.
Wall Street Journal
A day after his partner at Pimco stepped down, Bill Gross said he wants to double down on its efforts to turn into more than a bond shop. ’I didn’t want Mohamed to go but now that he is going, I am ready.’
shared by @LaurenLaCapra, @TheStalwart, @JacobWolinsky, @moorehn, @Neil_Irwin
Wall Street Journal
A day after his partner at Pimco stepped down, Bill Gross said he wants to double down on its efforts to turn into more than a bond shop. ’I didn’t want Mohamed to go but now that he is going, I am ready.’
shared by @LaurenLaCapra, @TheStalwart, @JacobWolinsky, @moorehn, @Neil_Irwin
How Caterpillar got bulldozed in China
Reuters
As Caterpillar’s bankers were celebrating a ‘cross-border deal of the year’ award on November 16, three Caterpillar lawyers were wrapping up an eight-hour grilling of Wang Fu, Siwei’s chairman. Major accounting problems had been unearthed at Siwei headquarters in the gritty Chinese city of Zhengzhou. Two months later, on January 18, 2013, Caterpillar said it had discovered “deliberate, multi-year, coordinated accounting misconduct” at Siwei.
shared by @JacobWolinsky, @BarbarianCap, @gadyepstein, @StockJockey
Reuters
As Caterpillar’s bankers were celebrating a ‘cross-border deal of the year’ award on November 16, three Caterpillar lawyers were wrapping up an eight-hour grilling of Wang Fu, Siwei’s chairman. Major accounting problems had been unearthed at Siwei headquarters in the gritty Chinese city of Zhengzhou. Two months later, on January 18, 2013, Caterpillar said it had discovered “deliberate, multi-year, coordinated accounting misconduct” at Siwei.
shared by @JacobWolinsky, @BarbarianCap, @gadyepstein, @StockJockey
Why Bill Fleckenstein Is (Almost) Ready to Short Stocks
Bloomberg
Hedge-fund manager Bill Fleckenstein is ready to short stocks — as soon as the Fed loses its grip on the bond market.
shared by Abnormal Returns, @cullenroche, reddit/Economics
Bloomberg
Hedge-fund manager Bill Fleckenstein is ready to short stocks — as soon as the Fed loses its grip on the bond market.
shared by Abnormal Returns, @cullenroche, reddit/Economics
The Fat Pitch: Fund Managers’ Current Asset Allocation
The Fat Pitch
Overall, fund managers remain very bullish on risk. In September, exposure to global equities was the second highest since the survey began in 2001; it is only marginally lower now and it has increased every month since October.
shared by Abnormal Returns, @ReformedBroker, Reformed Broker, @JacobWolinsky
The Fat Pitch
Overall, fund managers remain very bullish on risk. In September, exposure to global equities was the second highest since the survey began in 2001; it is only marginally lower now and it has increased every month since October.
shared by Abnormal Returns, @ReformedBroker, Reformed Broker, @JacobWolinsky
The Euthanasia of the Rentier
New York Times
Not if the rentiers can help it.
shared by @izakaminska, @MarkThoma, reddit/Economics, @Noahpinion, @ryanchittum
New York Times
Not if the rentiers can help it.
shared by @izakaminska, @MarkThoma, reddit/Economics, @Noahpinion, @ryanchittum
A Tell-All Born From Goldman Gossip
New York Times
Comments heard in the Goldman Sachs elevators are making it into a book.
shared by @ritholtz, @ReformedBroker, @IvanTheK, @moorehn, @Dasan
New York Times
Comments heard in the Goldman Sachs elevators are making it into a book.
shared by @ritholtz, @ReformedBroker, @IvanTheK, @moorehn, @Dasan
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