Comments on: Michael Lewis Blog? http://www.unlikelywords.com/2008/09/30/michael-lewis-blog/ A blog with delusions of grandeur Tue, 07 Feb 2012 23:21:52 +0000 hourly 1 http://wordpress.org/?v=3.1 By: John Osbon http://www.unlikelywords.com/2008/09/30/michael-lewis-blog/comment-page-1/#comment-124472 John Osbon Tue, 01 Feb 2011 16:31:10 +0000 http://www.unlikelywords.com/?p=1302#comment-124472 Yes, someone get Michael a blog. I am dying to read his opinion on indexing, pro or con. Besides, we need humor wherever we can find it and he's a funny guy. John Yes, someone get Michael a blog. I am dying to read his opinion on indexing, pro or con. Besides, we need humor wherever we can find it and he’s a funny guy. John

]]> By: jmwamboldt http://www.unlikelywords.com/2008/09/30/michael-lewis-blog/comment-page-1/#comment-122869 jmwamboldt Sun, 18 Apr 2010 13:10:18 +0000 http://www.unlikelywords.com/?p=1302#comment-122869 people just don"t come in under the radar for their Rep 7 licence to sell stock and bonds - back in 1984 the loopholes for miscommunication that could lead to misuse I found two in the study book. The idea of bundling and insurance was the first step. Taking the next step in anything, usually starts the creative process of any invention that makes it a viable or not product. Whatthe craftors left out was the computer capacity to itemize each mortgage and update its risk. In any event, asset risk management is at best the brainchild of its inventor - highly complicated and arbitrary. people just don”t come in under the radar for their Rep 7 licence to sell stock and bonds – back in 1984 the loopholes for miscommunication that could lead to misuse I found two in the study book.

The idea of bundling and insurance was the first step. Taking the next step in anything, usually starts the creative process of any invention that makes it a viable or not product. Whatthe craftors left out was the computer capacity to itemize each mortgage and update its risk. In any event, asset risk management is at best the brainchild of its inventor – highly complicated and arbitrary.

]]> By: Randy Eigen http://www.unlikelywords.com/2008/09/30/michael-lewis-blog/comment-page-1/#comment-107712 Randy Eigen Thu, 15 Jan 2009 19:04:01 +0000 http://www.unlikelywords.com/?p=1302#comment-107712 You have brilliantly exposed some of the issues that are deeply rooted in our financial services industry, however, if you look into FASB rules of accounting for public companies you will find even more examples of how our system encourages bad long term decisions in favor of short term benefits (higher share price). For example, if a company has a lease on 100,000 squaree feet of space which they no longer need, if they market it for sublease, they must take the rightdown in the current period which will negatively impact the share price. Obviously, paying for space they no longer need is wasteful and in the long run hurts the company, but often a company will not put the space on the market to avoid the above result. Guess who's income is tied to share price? Randy You have brilliantly exposed some of the issues that are deeply rooted in our financial services industry, however, if you look into FASB rules of accounting for public companies you will find even more examples of how our system encourages bad long term decisions in favor of short term benefits (higher share price). For example, if a company has a lease on 100,000 squaree feet of space which they no longer need, if they market it for sublease, they must take the rightdown in the current period which will negatively impact the share price. Obviously, paying for space they no longer need is wasteful and in the long run hurts the company, but often a company will not put the space on the market to avoid the above result. Guess who’s income is tied to share price?
Randy

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