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Who wants to own Investment Banks?
I went through the latest available 10-Q filings of major US investment banks. I was […]
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All roads lead to a disintegration of the Euro
Our investment thesis can be summarized as follows: Equities are worthless when associated debt becomes […]
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Rational decisions in closed systems
In closed systems, rational decisions lead to irrational outcomes. Take a crowded stadium. A fight […]
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David versus Goliath – the SNB against everybody else
A picture says more than a hundred words, so I wanted to present in graphical […]
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Mental contortions of a printing machine operator
“We never pre-commit” is the standard answer the ECB (European Central Bank) has for anyone […]
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Technical analysis February 8, 2012
Time to take a look again at the technical picture of the S&P 500 Index, […]
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