Friday, December 26, 2008

Short Takes: Real Estate, Ponzi Schemes, and Geniuses

The blogs were fairly quiet this week, but there were a couple of interesting posts:

1. Larry MacDonald examined Bernard Madoff’s $50 billion Ponzi scheme and noted that given how little information Warren Buffett gave his early investing partners, they could not have known whether he was running a Ponzi scheme. It seems that judging a money manager’s honesty is as important as judging his competence.

2. Canadian Financial DIY found a web site that tries to measure the reading level required to understand a given blog. He had mixed feelings about his blog being judged to require a genius reading level. My blog got the same rating, and I have the same mixed feelings. I’d like to think that my readers are all geniuses, but I doubt that you have to be a genius to understand what I have to say.

2 comments:

  1. I don't know if I should be insulted, but evidently you need a Junior High eduction to read my blog?

    Merry Christmas

    C8j

    ReplyDelete
  2. Have no fear. Your blog is very readable.

    Mark

    ReplyDelete