In case you are working today, or have no new years plan or are busy watching three kids under six years old (raises hand) – we thought you might enjoy our most popular articles this year (measured by total views).
Interestingly, half of the top ten articles revolved around two famous people – one is highly expected based on our audience and our exclusive scoop on the story – the other one is less obvious at first and probably was more of a fluke – either way the first person mentioned refers to Seth Klarman of Baupost Group -three of our most popular articles of 2014 were stories about Klarman – the second person mentioned is a former Fed Chairman, who was loved (pre 2007) then hated (post 2007) and now is just all over the media – Alan Greenspan
See our ten most popular Articles Of 2014 below and make sure to check them out if you have not read them – and if you have already done so, they are worth a good second read.
Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”
"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors. Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More
10. Outrage Over Jim Cramer’s Compensation Turns Humorous
9. Seth Klarman: Fed Created Truman Show Style Faux Economy
Seth Klarman notes that those “born bullish,” those who “never met a stock market they didn’t like” and those with “a consistently short memory,” might look to the positives and ignore the negatives.
8. Seth Klarman: Investors Downplaying Risk “Never Turns Out Well”
In his 2013 letter to investors, Seth Klarman noted that “most” investors are downplaying risk and this “never turns out well,” noting that most people are not prepared for anything bad to happen.
“It sounds like the administration has been having some private conversations with members of Congress, but we have yet to understand where that’s heading…The process has been very opaque,” said Dan Schmerin, investment research director at Fairholme, in an interview with MarketWatch
Is Warren Buffett diving deeper into the North American oil market, adding to his exposure, when blood is on the street and the price of oil is making lows not witnessed since 2009?
The U.S. provides more welfare benefits nowadays than a decade ago, or back when a gold standard was in place. Greenspan did not explicitly say that the U.S. is a welfare state.
4. Is BYD The Next Tesla Motors Inc?
BYD Company Limited (HKG:1211) is a vertically integrated company which has essentially proven that it’s possible to do what many hope Tesla Motors Inc (NASDAQ:TSLA) will do one day
In an interview with Bloomberg’s Betty Liu, former Federal Reserve Chair Dr. Alan Greenspan said the U.S. is “running out of buffer in economy,” “lacks fiscal resources,” and has “no way to find new revenues.”
A copy of the letter obtained by ValueWalk seems to indicate that Einhorn is short AMZN as well, however, Einhorn does not say it definitively. Greenlight Capital and Jonathan Gasthalter of high-powered public relations shop Sard Verbinnen, declined to comment on the matter.
1. Klarman On Tesla Motors Inc, Netflix: Bubbles, Bubbles, Everywhere
“In Silicon Valley, it seems that business plans – a narrative of how one intends to make money – are once again far more valuable than many actual businesses engaged in real world commerce and whose revenues exceed expenses.”