The LA Times has a neat interactive feature that lets you balance the California budget. They didn’t have some of my choices — legalize drugs and tax them, for example – but I still managed to balance the budget. 
Gov. Schwarzenegger, I’ll be waiting for your call.
In other news worth reading today …
Brad Sezter has an interesting take on China, the U.S. dollar, and Treasuries.
Naked Capitalism has an interesting guest post on Nassim Taleb, Malcolm Gladwell, and why Bill Gates ended up as Bill Gates and the rest of us didn’t.
At the New York Times, Joe Nocera explains why the Efficient Market hypothesis is a piece of crap.
Jesse asks: “Is the USO Oil Fund Like a Pyramid Scheme?” I agree with Jesse that ETFs like the USO are for trading, not long-term buy and hold. Other funds are good for the long-term, but that’s a discussion for another time.
Related Posts
- A Good and Golden Sunday Morning to ya (02/22/09)
- Sunday ‘Blow Your Mind’ Edition (01/30/10)
- Thursday — Here’s What I’m Reading (04/23/09)
- Saturday Reading — US Dollar, Unemployment and More (05/23/09)
- What I’m Reading Today (04/07/09)
{ 4 comments… read them below or add one }
Sean,
I have been following your writings for about a year now. Between you and Larry’s advice, I have preserved the majority of my portfolio. Thanks so much for your insights and sound investment advice.
I have a question regarding the basis of your economic views. Are you a student of the Austrian school of thought? I am sure it is a mix of a few, but I was wondering what your primary views are based upon.
Regarding the equities market. It is very confusing to say the least. Fundamentally…..less bad = good. Hard to make sense of that. Do you foresee a major correction coming in the near future? Or will the massive printing of money continue to drive the equities higher?
Again, thanks for all the insights you provide. It is very helpful.
Stacy
Sean,
I have been following your writings for about a year now. Between you and Larry’s advice, I have preserved the majority of my portfolio. Thanks so much for your insights and sound investment advice.
I have a question regarding the basis of your economic views. Are you a student of the Austrian school of thought? I am sure it is a mix of a few, but I was wondering what your primary views are based upon.
Regarding the equities market. It is very confusing to say the least. Fundamentally…..less bad = good. Hard to make sense of that. Do you foresee a major correction coming in the near future? Or will the massive printing of money continue to drive the equities higher?
Again, thanks for all the insights you provide. It is very helpful.
Stacy
Great stuff, Picofarad! Thanks!
Thanks, Stacy. I’lll be sure to pass your kind comments along to Larry.