Bill Gross: We may need at least a decade for the healing. Strawberry Fields – Forever? PIMCO “If somebody bought Berkshire Hathaway in 1965 and they held it, they made a great investment — and their broker would have starved to death.” For Buffett, the Long Run Still Trumps the Quick Return. Dealbook At long last, an operator CEO. Incoming… Continue Reading

Ambrose Evans-Pritchard: “We may find that the supercycle is still in rude good health next year as China cranks up construction again, and America turns the corner.” The world’s commodity supercycle is far from dead. Telegraph Josh Brown: “The stupidity of having such an obviously unbalanced economy is the more important discussion we should be having right now. The… Continue Reading

There are strange things done ‘neath the midnight sun by the men who moil for gold. The arctic trails have their secret tales that would make your blood run cold. The northern lights have seen queer sights but the queerest they ever did see, was that night on the marge of Lake LeBarge I cremated… Continue Reading

Goldman: The Economic Crisis Ends In 2013. Business Insider Popular Delusions: The bull case for safe havens. The Big Picture Of warplanes, the homeless, teachers’ unions, oil, drugs, immigration and monetary policy. National Post Norway Wealth Fund to Spend $11B Adding U.S. Real Estate. Bloomberg Could Fine Art And Collectibles Become A New Asset Class? Forbes The… Continue Reading

“We would urge you to keep faith.” A $10 Trillion Bet on China and India. HBR “Placement of op-eds is a standard part of the influence game, but it’s rare for readers ever to find out who is behind the curtain.” From Russia With PR. ProPublica Bond Investor Gundlach Buys Stocks, Sees ‘Kaboom’ Ahead. Bloomberg Will First Quantum launch… Continue Reading

“While the eurozone as a whole is roughly in trade balance, the EMU regime of austerity in the South without offsetting stimulus in the North is creating a contractinary bias, holding back global recovery.” Germany displaces China as US Treasury’s currency villain. Telegraph Gold Falls Just 1.3% Despite Massive, Odd 3.5 Million Ounce Sell Orders. ZeroHedge “Some people… Continue Reading

American financiers on the offer. Private-Equity Managers Make Moves as Tax Increases Near. Bloomberg Somali pirates buying condos? “When tremendous global wealth and economic uncertainty exist side by side, the remote nature of these markets is attractive to both illicit wealth and to rich buyers, many of whom favour authenticity and exclusivity over luxury and grandiosity.” The World’s Most… Continue Reading

Q: Why are women so hard to figure out? A: Who’s trying to figure them out? I think we just need to love them. Q&A with Mikhail Prokhorov. NYPost “Never did anyone mention taxes as a reason to forgo an investment opportunity that I offered.” Warren Buffet: A Minimum Tax For The Wealthy. NYTimes 3D printing machines: a digital description… Continue Reading

Taking the long view. The pursuit of shareholder value is attracting criticism—not all of it foolish. Economist Baghdad Broker Dodges Bombs to Rack Up Stock Trades. A profile of Shwan Taha, chairman and sole owner of Rabee Securities, a brokerage that handles 80 percent of stock trades by foreign investors on the Iraq Stock Exchange. Bloomberg Jim Sinclair on… Continue Reading

Technical analysis is in the midst of a post-financial- crisis boomlet. Here’s a profile of one of its most successful proponents. DeMark Fibonacci Charts Embraced by Cohen Lure Investors. Bloomberg Unlike the other BRIC countries, which are overweighted in such areas as energy, mining and manufacturing, India’s economic diversity is its strength and gives it greater flexibility… Continue Reading

In Saint Barts in the French West Indies this morning. Jack Welch’s Unretirement. Businessweek See to believe. Feeding the Eagles: Incredible Pictures. Economic Intersect Idan Ofer may reap 15-times his investment in Israel Chemicals Ltd. (ICL) if a $13.5 billion takeover bid by Potash Corp. of Saskatchewan Inc., the world’s largest fertilizer maker, is approved by Israeli… Continue Reading

“The people’s memory is short.” Done Coxe Audio. KWN Soros Buying Gold as Record Prices Seen on Stimulus. Bloomberg Killing of a Top Magnate, Reportedly by His Brother, Stuns India. CNBC Words: Insouciance casual lack of concern; indifference : an impression of boyish insouciance. “I was a bit insouciant.” C. Black via Arts & Letters Daily… Continue Reading

Petroamerica Oil Corp. ($PTA) neighbour C&C Energia ($CZE) bought up by Pacific Rubilaes Energy ($PRE) for an approx. 52% premium. PR Newsire “Russia gets into your blood,” he said. “Life is never a straight line. Persistence and enthusiasm is how you get things done.” BP Seen Takeover Target After Settlement as Value Trails. Bloomberg “Most of those in public office,… Continue Reading

The Conrad Black Commemorative Coin…

This afternoon Petroamerica Oil Corp. ($PTA) announced flow results of 3762 bopd (50% of which are net to PTA) from Las Maracas 5, a development well at their core oil field. This is a big number and these results do not include the lower zone of the well which could also yield pay. See: Petroamerica Provides a Testing Update… Continue Reading