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Book Review: The Big Short, Inside the Doomsday Machine
In one obvious respect, The Big Short follows Michael Lewis’s winning formula for a blockbuster book on sports or finance: character sketches so compelling, funny, and sympathetic that he makes an...
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Mortgages Part VIII – The Cause of the 2008 Crisis
On the 2008 mortgage crisis, from my perspective Ok friends, are you ready? I’m about to piss you off. Contrary to the dominant journalistic narrative of the 2008 Crisis – that greedy bankers and...
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I Disagree about JP Morgan But I’m Totally Entertained
A friend and I debated the merits yesterday of Alex Pareene’s recent article on Salon, in which Pareene praises the most recent $13 Billion fine against JP Morgan as justifiable punishment for greedy...
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Book Review: Diary Of A Very Bad Year
I’ll admit to two large biases before praising Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager. First, I prefer a personal account by a financial practitioner, rather than a...
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Book Review: Automatic Millionaire Homeowner
How important is homeownership to building wealth in the United States? I’d put it on a list of the top five most important things people should do. Off the top of my head the other four are probably...
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