Linkfest: Geithner speaks; Glamour pendulum swings from banking to tech; Buffett: Crony capitalist?
Categories: Linkfest
Today’s most shared:
- Tim Geithner speaks.
- As best and brightest ponder careers, the pendulum swings from banking to tech. Shades of ’99, when top tier investment banks couldn’t fill their interview schedules at HBS.
- Is Warren Buffett a crony capitalist? If you want management to bring you great companies at a fair price, you can’t be the harshest taskmaster around.
- China’s coronation as #1 world economy may be premature. PPP is a sensible way to compare prices of tradeable goods and living standards, but not necessarily for broad GDP.
- Hedgeye lawsuit against blogger sheds light on the world of social investing, where positions and businesses are talked up, hype and puffery prevail, and all is not always as it seems.
- The history of the IPO roadshow.
What Timothy Geithner Really Thinks
New York Times
A long, often surprising profile of Timothy Geithner as his book hits the stores.
shared by Huffington Post, @ObsoleteDogma, @Ian_Fraser, @felixsalmon
New York Times
A long, often surprising profile of Timothy Geithner as his book hits the stores.
shared by Huffington Post, @ObsoleteDogma, @Ian_Fraser, @felixsalmon
Young Bankers Fed Up With 90-Hour Weeks Move to Startups
Bloomberg
Some of the best and brightest of Wall Street’s young investment bankers are bailing out of their high-paying, prestigious jobs at big financial institutions. Many are setting up their own businesses, especially in technology.
shared by @LaurenLaCapra, NYT Dealbook, @FGoria, @markgongloff
Bloomberg
Some of the best and brightest of Wall Street’s young investment bankers are bailing out of their high-paying, prestigious jobs at big financial institutions. Many are setting up their own businesses, especially in technology.
shared by @LaurenLaCapra, NYT Dealbook, @FGoria, @markgongloff
Crony Capitalism and the Oracle of Omaha
Institutional Investor
For this value investor, Berkshire Hathaway’s recent annual meeting turned from a shareholder lovefest into a lesson in poor corporate governance.
shared by @JacobWolinsky, @vitaliyk, @footnoted, @Dasan
Institutional Investor
For this value investor, Berkshire Hathaway’s recent annual meeting turned from a shareholder lovefest into a lesson in poor corporate governance.
shared by @JacobWolinsky, @vitaliyk, @footnoted, @Dasan
China is cheapening the yuan for scarier reasons than usual
Quartz
The sharp drop in the yuan’s value that started in mid-February 2014 has riled up US government officials who suspect that the People’s Bank of China is helping Chinese exporters at the expense of everyone else.
shared by @FGoria, @Dvolatility, @prchovanec, @JamesGRickards
Quartz
The sharp drop in the yuan’s value that started in mid-February 2014 has riled up US government officials who suspect that the People’s Bank of China is helping Chinese exporters at the expense of everyone else.
shared by @FGoria, @Dvolatility, @prchovanec, @JamesGRickards
One Of The Most Polarizing Companies In Finance Is Suing A Stay-At-Home Dad For Defamation
Business Insider
Lawsuit points spotlight at how investors, tipsheets talk up their positions and businesses via social media, and there is often more to the story than meets the eye.
shared by @mark_dow, @JacobWolinsky, @Dvolatility, @TheArmoTrader, @DougKass, @Pawelmorski
Business Insider
Lawsuit points spotlight at how investors, tipsheets talk up their positions and businesses via social media, and there is often more to the story than meets the eye.
shared by @mark_dow, @JacobWolinsky, @Dvolatility, @TheArmoTrader, @DougKass, @Pawelmorski
Regulator Suggests End to Banks’ Self-Grading
New York Times
Daniel K. Tarullo, a Federal Reserve governor, said regulators should consider stopping the practice of banks’ using their own internal models to set capital requirements.
shared by @LaurenLaCapra, @TFMkts, @MattGoldstein26, @ritholtz
New York Times
Daniel K. Tarullo, a Federal Reserve governor, said regulators should consider stopping the practice of banks’ using their own internal models to set capital requirements.
shared by @LaurenLaCapra, @TFMkts, @MattGoldstein26, @ritholtz
Hachette Says Amazon Is Delaying Delivery of Some Books
New York Times
Amazon, which controls more than a third of the book trade in the United States, is marking many books published by Hachette Book Group as not available for at least two or three weeks.
shared by @johngapper, @ryanchittum, @ModeledBehavior, @grossdm
New York Times
Amazon, which controls more than a third of the book trade in the United States, is marking many books published by Hachette Book Group as not available for at least two or three weeks.
shared by @johngapper, @ryanchittum, @ModeledBehavior, @grossdm
Giant Alibaba Sale Grew Out of ’80s IPO Chaos and a Guy From Goldman
Bloomberg
In 1984, Eric Dobkin was working for Goldman Sachs Group Inc., selling large blocks of stocks to fund managers, when he was handed an assignment: The bank ranked ninth in equity underwriting. Fix it.
shared by Here Is The City, @IvanTheK, @EpicureanDeal
Bloomberg
In 1984, Eric Dobkin was working for Goldman Sachs Group Inc., selling large blocks of stocks to fund managers, when he was handed an assignment: The bank ranked ninth in equity underwriting. Fix it.
shared by Here Is The City, @IvanTheK, @EpicureanDeal
Fed’s Fisher: Low Rates Will Stay as Long as Inflation Under 2%
Wall Street Journal
Federal Reserve Bank of Dallas President Richard Fisher said Friday he supports ending the central bank’s bond-buying stimulus program this year, while adding it is very likely that very low interest rates will prevail for some time to come.
shared by @delong, @FGoria
Wall Street Journal
Federal Reserve Bank of Dallas President Richard Fisher said Friday he supports ending the central bank’s bond-buying stimulus program this year, while adding it is very likely that very low interest rates will prevail for some time to come.
shared by @delong, @FGoria
Ken Rogoff: Where Is the Inequality Problem?
Project Syndicate
Though Thomas Piketty is right that returns to capital in rich countries have increased in the last few decades, he is too dismissive of the wide-ranging debate among economists concerning the causes. More important, when it comes to reducing inequality between rich and poor countries, capitalism has had an impressive three decades.
shared by @TheStalwart, Marginal Revolution, Naked Capitalism, @tomkeene
Project Syndicate
Though Thomas Piketty is right that returns to capital in rich countries have increased in the last few decades, he is too dismissive of the wide-ranging debate among economists concerning the causes. More important, when it comes to reducing inequality between rich and poor countries, capitalism has had an impressive three decades.
shared by @TheStalwart, Marginal Revolution, Naked Capitalism, @tomkeene
Adair Turner: The Perils of Financial Freedom
Project Syndicate
China’s current leadership is committed to building a more balanced model, and believes that the market must play a “decisive role” in achieving that. But, while stronger market discipline is needed in some areas, Chinese officials should be under no illusion that free markets are a panacea for the financial sector.
shared by @jmackin2, @FGoria, @wonkmonk_
Project Syndicate
China’s current leadership is committed to building a more balanced model, and believes that the market must play a “decisive role” in achieving that. But, while stronger market discipline is needed in some areas, Chinese officials should be under no illusion that free markets are a panacea for the financial sector.
shared by @jmackin2, @FGoria, @wonkmonk_
ECB: capital flight from Russia has hit $220bn
The Telegraph
Outflows from Russia since the Ukraine crisis erupted may be four times higher than admitted by Kremlin.
shared by @izakaminska, @Nemo_incognito, @paulmasonnews, @Simon_Nixon
The Telegraph
Outflows from Russia since the Ukraine crisis erupted may be four times higher than admitted by Kremlin.
shared by @izakaminska, @Nemo_incognito, @paulmasonnews, @Simon_Nixon
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