SubscribeTDI Podcast 118: Matt Taibbi on Goldman Sachs (GS)
July 19, 2009
Guest: Matt Taibbi, Rolling Stone Magazine comes on to discuss his article about the evils of Goldman Sachs (GS). We explore his rationale as well as his reasoning for the article. If you have not read it yet, this is an episode you do not want to miss. Plus, plenty of stock ideas and an in depth review of what may be a hidden gem. (It will surprise you)
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LISTEN TO PODCAST NOW | LISTEN @ ZUNE - @ iTUNES
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Rolling Stone contributor Matt Taibbi, graduated from Bard College in New York in 1991; finished his studies at Leningrad Polytechnichal University in Russia. (LINK to Rolling Stone Article - HERE)
Taibbi worked as a freelance reporter in the former Soviet Union, including a stint in Uzbekistan, from whence he was deported in 1992 after writing an article for the Associated Press that was critical of President Islam Karimov. He returned to the United States in 1994 and worked for a time as an investigator in a Boston-based private detective agency.
In 1995 he went back to Russia and eventually resettled in Moscow, where he founded, with writer Mark Ames, an English-language satire newspaper called the eXile. eXile earned a reputation for hard-nosed reporting of corruption both in Russian government and the American aid community. The paper was the only publication to correctly predict the 1998 Russian financial crisis. In conjunction with the Russian paper Stringer, for whom Taibbi wrote in Russian, the eXile also wiretapped the telephone of Kremlin Chief of Staff Alexander Voloshin in 2001.
Taibbi returned to the U.S. for good in 2002 and founded the Buffalo-based newspaper The Beast. He left that paper a year later to work as a columnist for the New York Press, and eventually as a contributing editor for Rolling Stone.
Taibbi won the 2008 National Magazine Award for Columns and Commentary for three columns he wrote in Rolling Stone, “Worse Than Bush”; “My Favorite Nut Job”; and “Obama’s Moment.” His New York Press column on George Bush’s prewar press conference, “Cleaning the Pool,” was included in the Best Political Writing 2003 anthology, and a year later he was named one of the 35 most influential New Yorkers under 35 by the New York Observer.
In his first original book, The Great Derangement, Taibbi dives into the heart of the American psyche in a madcap journey that brings into focus life in the American Empire, right here, right now.
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Click below for the 14 minute virtual tour of The Disciplined Investor Managed Growth Strategy
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Stocks mentioned in this episode: Goldman Sachs (GS), Bank of America (BAC), JP Morgan (JPM), General Electric (GE), Cintas (CTAS), Intel (INTC), Microsoft (MSFT), Google (GOOG), Apple (AAPL) and more….
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3rd Quarter Economic Review and Commentary – Email Laura HERE for free your copy.
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Get a copy of Andrew’s book:
The Disciplined Investor – Essential Strategies for Success
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Disclosure: Horowitz & Company clients may hold positions in stocks mentioned as of the publish date.
** Special thanks to Laura for getting this interview arranged**
Podcast: Play in new window | Download (Duration: 48:12 — 25.1MB)
Sunday Fun: Jon Stewart on Goldman
July 19, 2009
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| Pyramid Economy | ||||
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Cintas (CTAS) – A Recovery BUY Story
July 16, 2009
We have added a SMALL position of Cintas (CTAS) to portfolios. I know what you are thinking…. A uniform company? We thought the same thing.
But, even as we are in the low point of this recession, seemingly making some progress, we see that this is an opportunity to get into a position that will see a light at the end of the dark jobless tunnel.
The thesis is that Cintas is a company that worked on restructuring their distribution and inventory management. This is something we we have seen with so many other firms that have been hit hard. Earnings have been holding up well, all things considered.
We were looking for the company to at least meet earnings estimates and they actually pulled off a beat on both earnings and revenues. Read more
Audio: DHUplugged #28 – Markets, Tech and California Bonds
July 16, 2009
Here is the latest conversation…. new insights for anyone who invests in anything. What to do? This chat is presented as-is for anyone who wants to listen in. Among other things, this week we talk about market manipulation, technology and California Bonds.
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Podcast: Play in new window | Download (Duration: 1:01:41 — 42.4MB)
Links and Reading for July 14th
July 14, 2009
Some of the more interesting and important items for July 14th :
- BlackRock to Get at Least $71 Million Overseeing Maiden Lane in First Year – Nice babysitting job. – Maiden Lane = Bear Strearns assets
- OPEC boosts output for third month as prices rise – Then oil went down. Not the best plan of execution that I have ever seen
- Wall St flat as earnings offset retail sales data – Retail was not as great as the headlines would have us believe.
- Singapore Raises GDP Forecast as Nation Emerges From Its Deepest Recession – Asia is on fire. Can we trust the numbers? Watch the markets instead…
- CSX Quarterly Profit Falls 20% – Shares initially surged then came back to the price of the day's close. This is going to be a good tell of the economy's luster.
- Meg Whitman Puts $15 Million of Own Money Into California Governor’s Race – Did she bid or do a buy now?
- Steven Rattner to leave autos task force | Reuters – Another deserter ? Why can't this administration keep anyone?
- U.S. in Advanced Talks to Aid CIT – Why not? It should only be about $500 billion or so. ( Maybe a trillion, but that is not much for us )
- Oil settles below $60 a barrel on demand worries (AP) – But Buy GOLDMAN!!!!!!! Yeeesh
- Barclays’ Strategist Knapp Boosts S&P 500 Target 23% to 930 – Bloomberg.com – You tell me, are they saying anything worthwhile?
- Dell Says Profit May Drop Because of Price Squeeze (Correct) – Bloomberg.com – Down 10% +in after hours trade. A sign of things to come or an anomaly?
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