Reckless fools lost first because they deserved to lose and careful, wise men lost later because a world-wide earthquake doesn’t ask for personal references…
This is a quote from Edwin LeFevre, written in 1932.
The world hasn’t change that much in the mean time, we chuckle.
What did we learn today?
France will press today on a meeting in Rome of the G7 finance ministers for tighter controls on hedge funds, urging other big industrialized nations to strengthen regulation of the industry and compel banks that lend them money to hold more capital.
Paris wants the European Union, and eventually all leading economies, to beef up indirect regulation of hedge funds via their prime brokers, the banks which provide them with loans and other services. Governments should force banks with higher capital requirements to reflect the riskiness of their hedge fund clients.
Something different. For the Valentine fans among us:
The Los Angeles Times reports that membership at online dating sites has increased substantially this year; eHarmony, for example, was up 20 percent.
In light of the economy, we wonder how many of these online daters joined up to do some gold-digging. They should be careful. As research by Gunter Hitsch, Ali Hortacsu, and Dan Ariely makes clear, income is often vastly overstated on online dating sites.
This came from the Freakonomics blog.
This is a quote from Edwin LeFevre, written in 1932.
The world hasn’t change that much in the mean time, we chuckle.
What did we learn today?
France will press today on a meeting in Rome of the G7 finance ministers for tighter controls on hedge funds, urging other big industrialized nations to strengthen regulation of the industry and compel banks that lend them money to hold more capital.
Paris wants the European Union, and eventually all leading economies, to beef up indirect regulation of hedge funds via their prime brokers, the banks which provide them with loans and other services. Governments should force banks with higher capital requirements to reflect the riskiness of their hedge fund clients.
Something different. For the Valentine fans among us:
The Los Angeles Times reports that membership at online dating sites has increased substantially this year; eHarmony, for example, was up 20 percent.
In light of the economy, we wonder how many of these online daters joined up to do some gold-digging. They should be careful. As research by Gunter Hitsch, Ali Hortacsu, and Dan Ariely makes clear, income is often vastly overstated on online dating sites.
This came from the Freakonomics blog.
By the way, Saint Valentine is buried in Dublin. Romantic stories are crossing around, but don’t believe them. He simply lost his way at sea and landed on the shores of Ireland.
He could never escape, the poor lad…
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