Fear the Boom and Bust

buck — Tue, 26 Jan 2010 04:02:55 +0000

Quote of the day: “Jamie is always hanging around the hoop”

buck — Tue, 06 Oct 2009 01:40:26 +0000

“I think this is a brilliant quote because it encapsulates the situation perfectly. (For readers who are not basketball fans, this was a sports reference to basketball players who stay close to their basket to score easy lay-up points). Dimon, a classic keep-your-powder-dry-when-everyone-else-is-losing-his-head conservative banker, is also an opportunist. In a move straight out of Warren Buffettâ€™s game plan, he was looking for some easy lay-ups when the chips were down and everyone was panicked. Thatâ€™s how he got bear Stearns and itâ€™s also how JPMorgan Chase got Washington Mutual.”

From: http://ping.fm/g9ryO

Hotel George » Uncategorized

Fear the Boom and Bust

Quote of the day: “Jamie is always hanging around the hoop”