From DealBreaker.com (via CrossingWallStreet):
Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more $100 million, according to the filing.
That’s pretty amazing. They didn’t have ANY down days? How is this possible? Is the new Goldman Sachs playing it safe? I thought they were doing high risk trades? Were they …
NASDAQ Cancelling Trades After Crazy Day in The Market
Trying to figure out what to think about this: (from BusinessWeek)
The Nasdaq said after markets closed that it will cancel all trades of stocks that moved more than 60 percent from their price at, or immediately prior to, 2:40 p.m., when the slide started. The cancellation applies to trades executed between 2:40 p.m. and 3 p.m.
Were there true “errors” leading to these trades (e.g. running trades that weren’t placed, or trades triggered because a stocks price was listed incorrectly)? Or were there just a bunch of people with stop losses …
Paul Krugman
Image by Getty Images via Daylife
I’ve been reading Paul Krugman’s blog at NYTimes.com daily. Paul won a Nobel Prize for economics, so obviously a smart guy. He’s very thoughtful and always bases his opinions on research and current economic thought.
I basically defer to this guy on all economic issues like finance reform, the Greek Economy, the Euro, and the economics of Health Care Reform.
Make sure you also check out his larger “columns” which are featured elsewhere on the site. There is usually a list of current/popular ones in …
Digital Textbooks Sales Projection
Via blog.xplana.com:
Personally, I think this is a little conservative… though kids and professors on campuses would probably know more about how motivated professors are to switch to digital textbooks. What I do know is that no one likes spending $100 for a textbook and my professors were always empathetic to this.
Obvious investment plays are Apple and Google stock. Both are probably fairly priced now. None of these companies mentioned in the article are public, but there may be more like them. Another plan would be to find a publisher who …
Interview with Herb Greenberg at KirkReport.com
There is a great QA with Herb Greenberg over at TheKirkReport. A few snips from the article:
…
Kirk: For good or for ill, how do you see financial journalism evolving with the use of blogs and other social media?
Herb Greenberg: The good: Leveling the playing field with an enormous amount of information. Bad: Zero accountability. Beyond traditional journalists, anybody can say anything under any name – real or assumed – and in the end those same people can disappear.
…
Kirk: In all of the research you’ve done, what are …
Christian Gross Still Blogging Great Stuff at DevSpace.com
Christian no longer crossposts here, but he’s still an investor geek, blogging great stuff over at his blog at devspace.com.
Here are a few articles I found interesting:
Why “You Should Have Known Better†Does Not Cut It!
Why The Republicans are Wrong To Block the SEC!
Why We Are Not Buying Apple IPads
WRT to the Euro: CNBC Talking Heads are IDIOTS!
The Snowball. Warren Buffet and the Business of Life.
I am currently reading The Snowball: Warren Buffett and the Business of Life in bits and pieces. It’s very entertaining.
This is not the type of book I would normally purchase or maybe even pick up at the library. I’m as interested in Warren Buffet as anybody, but this thing is pretty thick and daunting. Lucky for me, publishers send me books to review all the time. (And there just hoping for a link like the one above and maybe an Amazon review. I should give them that more often.) So …
New Gary Vaynerchuk Interviews at VinTank Office are Great
If you are a fan of Gary Vaynerchuk but haven’t noticed his “Into the Trenches” videos posted from the VinTank office, you should check them out on Gary’s Cork’d blog.
They are a nice change of pace compared to his WLTV videos. Gary is a great, engaging interviewer and gets some candid responses from his guests. (I haven’t had a chance to hear his SIRIUS radio show either, and wonder what the feel of that show is.)
Check out this interview with Sophia Montes from Marita’s Vineyard. The Montes family story, a version of the American Dream, connects with Gary who has a similar immigrant story.
I’m pretty late getting to these. I never said I was trendy. But take a look if you haven’t yet.
Updates to WineLog/Twitter Integration
We have recently updated WineLog to use Twitter’s “OAuth” integration. This means that users who have integrated WineLog and Twitter in the past will have to resync the services by clicking this link.
Users who haven’t integrated WineLog with Twitter yet can do so more easily than ever. Click here to log into Twitter and integrate with your WineLog account.
You will be asked to log into Twitter and authorize WineLog to publish updates to your Twitter feed.
As a reminder, we publish once to your feed for every wine added, rated, or reviewed. There are more options to control what is published to your Twitter account via your WineLog account page.
We are happy to make it as easy as possible to share your WineLog activity with your Twitter friends. This new method of authorization and updating is more secure than the previous method.
Notes About a WineLog WebComic That Will Not Be
I’m going through old old notes under my desk today (that’s for the prodding, Kim), and thought I’d post this bit that I scribbled into a notebook on a plane ride a couple years ago.
So here is a script for a WineLog web comic. I drew a little outline of the panels; it’s basically Kim and I sitting in front of my monitor. Use your imagination.
Panel 1
Me: I’m going to start a comic on the WineLog Blog…Panel 2
Me: … so I can talk about all the funny wine-related things that happen to us.Panel 3
Kim: OK, but it’s going to be boring.
Me: What do you mean?Panel 4
Kim: Well, you’re not going to write about how I got drunk on my 21st birthday. And all your other wine experiences happen in front of a computer screen.
Me: That is true.