Rick Santelli Goes Crazy (Again) on CNBC

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Rick Santelli with another one of his rants. Some readers have complained about them, but most find them to be a good needed dose of humor once in a while.

In a discussion just after this week’s initial claims data were released, Rick Santelli argues the Federal Reserve will eventually be unable to keep interest rates low.
“I don’t believe in policy! I believe in markets!…No.  I don’t believe that human hubris is smarter than aggregate personality. Period.”

(The whole segment is interesting, but the big rant begins around the 1:10 mark)

Mohnish Pabrai On Uber Cannibals And Henry Singleton

At the end of October, the value investor Mohnish Pabrai gave a presentation and took part in a Q&A session at Boston College and Harvard Business School on the Uber Cannibal Investor Framework, which he has developed over the past decade. Uber Cannibals are the businesses “eating themselves by buying back their stock,” the value Read More

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