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Liar’s Poker author Michael Lewis has a great review in The New Republic of Alice Schroeder’s biography of Warren Buffett, The Snowball: Warren Buffett and the Business of Life. Lewis says as much about Buffett as he does about the book in his analysis. Hat tip to Paul Kedrosky for pointing to the review. Also worth a read: Canadian [...]
I had a conversation earlier today in Montreal with Jeffrey Immelt, the chairman and CEO of General Electric Co. (GE), who was pretty blunt in his assessment of the so-called Buy American provision in President Barack Obama’s stimulus bill. “I think it’s terrible,” Immelt said, before speaking at the International Economic Forum of the Americas here. [...]
U.S. broker Charles Schwab’s launch this week of 8 new exchange traded funds (ETFs) could be a watershed event for providers and users of ETFs and mutual funds. What’s remarkable is that they have fixed their management expense ratios (MERs) even lower than the Vanguard ETFs and are allowing their ETFs to be bought and [...]
The article in Saturday’s Globe and Mail about business schools introducing oaths of ethical conduct for MBA graduates is worth reading. (Here’s a link to MBA oaths from Harvard, Telfer School of Managements, and Richard Ivey School of Business: Sampling of Oaths.) I support these student-sponsored initiatives and also have a practical suggestion for ensuring that [...]
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