This post originally appeared at Business Insider.
We have nothing but respect for Netflix CEO Reed Hastings, who has demonstrated again and again a willingness to take the long view instead of an easier short-term one — making tough decisions that cause near-term pain in order to improve the company long-term.
The lengths to which I’ll go for my readers: I’m currently sitting poolside in an Algarve villa, enjoying a perfect climate and gorgeous view of the Atlantic, and wondering if this could be one of the best ways for investors to play a possible eurozone collapse.
Felix here. I’m about to head out of town for a couple of weeks, on a mini European tour. I’ll try to check in occasionally, but I’m not sure how often that’ll be, so I’m experimenting with guest postings. With any luck, there’ll be some fabulous stuff coming up from Mark Dow and Barbara Kiviat. But also, I’m trying to take advantage of all the great blog posts that Ryan McCarthy is finding as he edits Counterparties. The idea is that if we find something wonderful, we’ll ask if we can reprint it, while linking back to the original. Edward Harrison has already said yes, so here’s his post today on the Fed. Enjoy!
Tim Geithner has experience flying around the world to address finance ministers and instructing them on how to solve their problems. He was a senior executive at the IMF from 2011 to 2003, after all — a period which coincided with major sovereign crises in South America.
The UBS brand name hides a long and storied history of bold-name investment banks. You’ve probably never heard of Savory Milln, Banque Stern, or Ducatel-Duval, but you might remember Chicago’s O’Connor & Associates, you probably remember Dillon Read and SG Warburg, and you almost certainly remember PaineWebber.