-
Archives
- November 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- December 2015
- November 2015
- August 2015
- July 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- October 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- November 2010
- September 2010
- August 2010
- July 2010
- May 2010
- April 2010
- March 2010
- September 2009
- June 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- March 2008
- February 2008
- October 2007
- December 2006
- August 2006
-
Meta
Monthly Archives: August 2013
“I don’t want to show something that is too false.”
A reflection on valuation strategy found in the e-mail of Julian Grout, a former low-level trader in JPMorgan Chase’s London office. Yes, a little bit false is always better. When questioned about his valuations, he responded, “Ask management.” When Mr. … Continue reading
Posted in Classic Quotes
Leave a comment
“In Switzerland, the banks are so organized that they were able to circumvent new rules and laws to continue to enable tax evasion.”
Herve Falciani, of Monaco, a former HSBC employee, now on the lam as he leaks account data from said Swiss banks. He claims to have CD-ROMs just full of account numbers.
Posted in News and Events
Leave a comment
“I picked the wrong vice. I should have picked alcohol. I should have picked drugs, or I should have picked up beating my wife or girlfriend, because if you do those, you get a second chance. They haven’t given too many gamblers second chances in the world of baseball.”
Pete Rose, reflecting on baseball, banishments from the Hall of Fame, and the state of professional athletics today.
Posted in Classic Quotes
Leave a comment
“I think it is pretty self-explanatory. I think that is the pink elephant in the room. I think we all want to get rid of PEDs. That’s a must. All the players, we feel that way.”
Alex Rodriguez. Ah, nothing like a suspended baseball player mixing metaphors.
Posted in Classic Quotes
Leave a comment
“The perception of the auditor’s independence, objectivity and professional skepticism has suffered in the wake of these findings of audit failures. You have an industry that has been slow to come to realize that it must change.”
PCAOB Chairman James Doty, discussing the need to reform auditor disclosures on company annual report.
Posted in Classic Quotes
Leave a comment
In the under-the-bus department, Goldman’s Fabrice Tourre Found Liable for Civil Fraud
A jury found former Goldman trader, Fabrice Tourre, AKA “Fabulous Fab,” liable for civil fraud for his role in developing a CDO deal in 2007 without disclosing to investors that there was a conflict of interest on the selection of … Continue reading
Posted in News and Events
Leave a comment
“Sports Illustrated” Wants to Know “How Could He (Alex Rodriguez)Be So Dumb?”
Mr. Rodriguez is not dumb. He just knows what he’s seen. Mark McGwire is a hitting coach with the Dodgers. Bob Nightengale and other sports writers argue every year for letting the juicers into baseball’s Hall of Fame. Most importantly, … Continue reading
Posted in News and Events
Leave a comment
“Old Main screwed it up.”
The late Joe Paterno, former head football coach at Penn State, to assistant football coach, Mike McQueary, in November 2011, just after the Jerry Sandusky (a former assistant football coach under Paterno) child abuse scandal broke. Mr. Paterno was fired later … Continue reading
Posted in News and Events
Leave a comment
Pew Research Center — Who contributes “A Lot” to Society?
A Pew Research Center survey asked over 4,000 adults who contributes “a lot” to society. Their answers offer some insights for folks on the need to seek a higher purpose. The best? Military (78%), teachers (72%), and medical doctors (66%). … Continue reading
Posted in News and Events
Leave a comment
In the disturbing headlines department, “TSA Told to Stop the Stealing.”
Actually, the TSA employees are stealing, doing drugs, and breaching the security systems intentionally. But, rest assured, those who were stealing from passengers were reprimanded by a harsh letter to their files.   About half of the those disciplined for these … Continue reading
Posted in News and Events
Leave a comment