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

Posted by Guy Spier at 10:19 PM | Permalink | Comments ()

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...

Posted by Guy Spier at 09:56 AM | Permalink | Comments ()

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

Posted by Admin at 08:57 AM | Permalink | Comments ()

Catherine Mayer interviewed me for about 2 hours for this piece.  While I can hardly claim to know "who is David Cameron", I think that Catherine captured some really valuable things about his personality that were not in the public domain before.  For example, she writes:

"Yet despite such constant self-exposure, an easy affability that reads as openness and his willingness to perform without scripts or teleprompts, Cameron remains an enigma. Part of what makes him hard to categorize is that he's above all a pragmatist, priding himself on reasonableness rather than ideological fervor."

While I never became friends with him, I respected and admired his intellect and abilities at the time and now.  As Catherine writes:

"He came to Oxford equipped with a much more complete road map of what he wanted to do," says Guy Spier, who also attended Sinclair's tutorials and now runs an investment firm in New York. He remembers Cameron as an outstanding student: "We were doing our best to grasp basic economic concepts. David — there was nobody else who came even close. He would be integrating them with the way the British political system is put together. He could have lectured me on it, and I would have sat there and taken notes and learned how British politics was put together."

Posted by Guy Spier at 12:34 PM | Permalink | Comments ()

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

Posted by Admin at 08:51 AM | Permalink | Comments ()