from Rolfe Winkler:

In Haiti crisis, a lesson for investors, givers

January 17, 2010

Well-known to businessmen everywhere, but totally under-appreciated by investors, is the concept of working capital, the day-to-day operating cash flow that makes a business run. Turns out the Red Cross has a big working capital problem when it comes to text message donations. From Carrick Mollenkamp (WSJ), Americans pledge millions, but cash flow takes weeks:

from Rolfe Winkler:

Afternoon links 1-13

January 13, 2010

Must Read -- Kyle Bass: Testimony before the FCIC ( Bass is a hedgefunder that made big profits betting against subprime. His testimony has many fascinating facts and figures. [The pie charts on page 9 look familiar.]