Here is the latest conversation I had with money manager Andrew Horowitz…. new insights for anyone who invests in anything. This week we highlight a discussion about specific stocks to examine. Plus: A look at Dubai!
click ► to listen:
Right click here and select ‘Save Link As…’ to download the mp3 file.
Dubai a bye bye.
Dubai makes me dubious.
Sheiks are in for a shock.
Welcome to phase II of the global meltdown, when the US dollar is no longer a safe haven.
Dubaians are moderate, tolerant, conscientious, educated, conservative Arabs. I think that they deserve a break.
There’s a comment in here about the common sense logic that we are affecting global warming. But it turns out that common sense doesn’t give you the answer:
http://econlog.econlib.org/archives/2009/11/when_is_uncerta.html
If you you had proof that there will be global warming, then “we should do something”. But if you had proof that it was a million to one against global warming, then “we should do something because what if that one happens.”
It’s like why we buy insurance. If the potential loss is great enough, even though the odds are way in your favor, you can’t stand the loss so you buy the insurance. Kind of gives you some idea of why Gore overstates everything so much. If he can make the consequences dire enough, he can get his program through against any reasoned argument. It’s only common sense.
@sargasso
Dubaians rely on a large supply of forced slave labor. Is that the moderation, tolerance, or conservatism you speak of?
This isn’t coming up on iTunes yet. Cranky Geeks is there though.
Obama intends to curtail the spiral of American dollars shipped to the Persian Gulf shit hole that trains terrorists and wages war on Israel.
Not surprising the Saudi’s also built up a financial house of cards like Bush did over here.
Lead is up ’cause it’s used in bullets.