Friday, May 20, 2011

Friday Links


  • Evergreen Solar loses tax breaks worth millions
  • Businessweek: Why People Buy Stock in Bankrupt Companies.
    Becker says he did not realize that the stock could end up worthless. He can't believe there was nothing on his screen to differentiate Blockbuster from other stocks he buys on E*Trade Financial (EFTC): "It's a different category than normal risk," he says. "If it's foreseeable shares would go to zero, I would think the powers that be would flash something—some kind of warning."
    This is a perplexing academic finance question - I'm working on a longer article about it.
ZH: MSFT is the new "hedge fund hotel"


EconomicDisconnect said...

A warning from the powers that be about a stock going bust? For the regular guy? No way. I really liked the new school of investing post.

CP said...

Isn't that a riot?

Here's that guy's investing thesis:
"The stock market is a playground. People make money by getting lucky. Someone else will do the work for me, for free."

CP said...

P.S. Glad you liked the "new school" post. I'm working on a long essay about investing genotypes, so if you have thoughts on the subject, please leave them as a comment on that post.