The Great Debate UK
from Global Investing:
If anyone needed a reminder that Christmas and NewYear holidays are almost here, Societe Generale has provided it. Analyst Dylan Grice has picked up the mantle of the departed James Montier to offer a seasonal reading list for those with a fixation about investment and economics.
True, some people might prefer to immerse themselves in a rollicking sea tale from Patrick O'Brian or a good old Sookie Stackhouse vampire mystery. But we know that Reuters blogs' readers are a discriminating lot with a keen understanding of and passion for finance. So here is Dylan's list of six must-reads:
1. Manias, Panics and Crashes, by Charles P. Kindleberger;
2. The Essays of Warren Buffet, edited by Richard Cunningham;
3. Reminiscences of a Stock Operator, by Edwin Lefevre;
4. Fooled by Randomness, by Nassim Taleb;
5. The Case against the Fed, by Murray Rothbard;
6. Judgement under Uncertainty: Heuristics and Biases, eds Kahneman, Slovic and
So what is your reading list? Tell us what you would include and why.
from The Great Debate:
By Margaret Doyle
Barclays has avoided the dead hand of state shareholding and, on Thursday's evidence, it looks as though it will escape completely.
Barclays Capital has enjoyed a storming first quarter -- so good it is hard to see it being sustained -- which has allowed the bank to make more big write-downs and still report a 15 percent increase in pre-tax profit.
– Margaret Doyle is a Reuters columnist. The opinions expressed are her own –
French boards have a funny way of exacting retribution from their bosses. When the board of Societe Generale realised that it had lost 4.9 billion euros in rogue trading last year, it didn’t sack the boss.