- In the course of a single week, Lehman Brothers filed for bankruptcy, AIG got taken over by the Fed and Merrill Lynch merged with Bank of America. Time magazine explains how the “this time is different” mentality landed us in this mess.
- Larry MacDonald notes that Lehman Brothers paid of $5.7 billion in bonuses in 2007. Nine months later it was bankrupt.
- Why did the Fed bail out Bear Stearns and AIG but not Lehman? The Freakonomics blog featured an insightful guest article on the financial crisis.
- As Jeremey Siegel wrote Stocks for the Long Run, it is hardly surprising that he thinks stocks are still a good bet. Also, a simple note to investors: don’t play games with asset allocation.
- The New York Times featured an interesting graphic on the incredible shrinking US financials.
- Larry Swedroe writes in Money magazine that bear markets may be painful but they are inevitable and a necessary evil.
- The Globe Investor magazine carried a fascinating feature on how professional hockey players invest their portfolios. While a very large fixed-income allocation might not be suitable for average investors like us, most of us can identify with their main goal of signing autographs “because they want to, not because they have to”.
- Million Dollar Journey compares online DVD rental services.
- Preet reminds us that someone is buying even in a brutal sell off.
- Dividend guy on the four important metrics he looks at in evaluating dividend stocks.
This and That # 110: Nightmare on Wall Street Edition
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