Aquamarine Capital Management Diary
Aquamarine Fund
Diary
Diary

November 13, 2008

Bonuses, Credit Rating Agencies and the Credit Crunch

I contributed to a paper published by the Centre for Dynamic Macroeconmic Analysis at St. Andrews University, Scotland.
Read Paper

September 29, 2008

The Futurist: A timeline for Econcomics


In the midst of this market rout, it may be a good time to take a look at the optimistic perspective.  The writer of the Singularity 2050 blog believes that the world economy will grow at an accelerating rate, and that it is only a matter of time before there are 10,000 billionaires.

Check it out here





September 25, 2008

Warren Buffett in the WSJ on Goldman and the Federal bailout today:



You have to marvel at Warren's timing:  He knew that once the valuation on a deal with Goldman would have been completely different after a federal bailout.  So he decided to bet on a bailout before it happened, but not before Paulson had announced that he was going to go for a federal bailout.


If Congress fails to approve the bailout, Mr. Buffett says, all bets
are off. His investment in Goldman will "get killed, and so will all
our other investments."

http://online.wsj.com/article/SB122226055484170915.html?mod=testMod

Now I am hoping, with Warren, that the bailout happens...


September 24, 2008

Bloomberg.com: Goldman's Future Is 'Bright'

Guy Spier talked with Bloomberg's Carol Massar about billionaire investor Warren Buffett's $5 billion investment in Goldman Sachs Group Inc. and the outlook for the banking industry.
Video link


September 11, 2008

TIME: David Cameron: UK's Next Leader?

Guy Spier was quoted in a Time article about David Cameron, leader of Britain's Conservative Party. Guy and David were contemporaries at Oxford.
Read the article