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Richard Sachs Cycles

Poetry Friday

FOG

You see, shore-hugging IS neither surety Nor earns salt pride braving the long sea-sweeps. This came up in the dark while some of us Bore on in our sleep. Was there In the dog-watch already, hiding the dog-star. We woke into it, rising from dreams Of sea-farms slanting on cliffs in clear light And [...]

Lehman Brothers “murdered”?

Ever wanted to know what causes a major investment bank to go belly-up?

On January 29, 2008, Lehman Brothers Holdings Inc. (“LBHI”) reported record revenues of nearly $60 billion and record earnings in excess of $4 billion for its fiscal year ending November 30, 2007. During January 2008, Lehman’s stock traded as high as $65.73 [...]

Stress!

Now I know why the A-Train hates Goldman Sachs so much … looks like all the Goldman alums in guv-mint decided to give them a bigger break than they gave Morgan Stanley in determining worst-case scenarios in the recent stress tests performed by the Federal Reserve.

Goldman’s Test Stresses Morgan Stanley

Why did the stress [...]

Poetry Friday (and it’s a doozy)

HEY ALLEN GINSBERG WHERE HAVE YOU GONE AND WHAT WOULD YOU THINK OF MY DRUGS?

A mouse went to see his mother. When his car broke down he bought a bike. When the bike wore out he bought skates. When the skates wore down he ran. He ran until his sneakers wore through. Then he [...]

Reality bites …

Had an appointment with the crazy doctor tonight … and I’ve got a lot of thinking to do about some of the things that have been going through my head the past week or so.

Things like:

Beating myself up for stepping out of my comfort zone, and failing. Rather than beating myself up, I [...]

Bear Stearns

Bear Stearns to Get Backing From J.P. Morgan, N.Y. Fed – WSJ.com Firm’s Shares Sink Amid Liquidity Fears By KEVIN KINGSBURY, ANDREW DOWELL and SERENA NG March 14, 2008 1:22 p.m.

NEW YORK — In a dramatic move Friday, JPMorgan Chase Co. and the Federal Reserve Bank of New York stepped in with emergency funds [...]

Risk/Reward

One thing I’ve learned from working for years in investment services …

From Investopedia:

Risk-Return Tradeoff

The principle that potential return rises with an increase in risk. Low levels of uncertainty (low risk) are associated with low potential returns, whereas high levels of uncertainty (high risk) are associated with high potential returns. In other words, [...]