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Warren Buffett’s Secret
As of September 2012, Warren Buffett is listed as the 2nd richest man in the world with a value of $46 billion. Warren Buffett started investing in 1956 and by 1969 closed his first investment fund after having made $25 million for himself. He eventually formed a new company that was called Berkshire Hathaway (the name of a textile company he had bought in the past). His investment performance with Berkshire Hathaway has been truly amazing. From 1976 to 2011, Berkshire Hathaway’s Sharpe ratio (0.76) was higher than any individual stock...
read moreBook Signing in San Francisco. November 13, 2012. 7 PM.
Dear Friends, On Tuesday night, I will be telling some stories from the Crisis of Crowding as well as doing a book signing in a beautiful San Francisco bookstore. Please come down and enjoy the event. I promise to tell you some stories you won’t believe. http://www.booksinc.net/event/ludwig-chincarini-books-inc-opera-plaza Ciao, Ludwig
read moreUnemployment, Crowding, and the Future of America
In a few days, the United States will select either Barack Obama or Mitt Romney as the next President. It will be incredibly important for the financial markets, for the future growth of the country, and for how to approach regulation. The financial crisis of 2008 was devastating to the American economy. From January 2008 to September 2012, the number of unemployed has increased by 4.6 million. But the population has continued to grow, even though jobs haven’t, so another 9.8 million people aren’t even counted in the...
read moreThe San Francisco Fleet Week and Columbus Day Parade
San Francisco was full of exciting events this weekend. From the Blue Angels flying overhead (see picture below) to the celebration of Columbus day (see the Italian firetruck and Le Donne d’Italia below). There were playoff baseball games, 49er football games, and the USA won the American’s cup in sailing (http://www.americascup.com/en/news/3/news/8149/oracle-team-usa-spithill-wins-second-consecutive-americas-cup-world-series-san-francisco). But amongst all the celebrations, I came across a museum of arcade games. There was a...
read moreInterview in Forbes on Crowded Funding
http://www.forbes.com/sites/zackomalleygreenburg/2012/10/04/overcrowding-vs-crowdfunding-the-difference-between-facebook-and-delta-rae/
read moreWho will be the next President and how can you benefit?
In the next couple of months, the United States will either elect Barrack Obama or Mitt Romney as the President of the United States for the next four years. Although markets tend to be highly efficient and market prices attempt to anticipate events in advance, the resolution of the uncertainty will ultimately lead to some stocks performing better than others. For example, when President Bush beat Al Gore in 2000, many believed that defense stocks would have a boost. Obviously, September 11, 2001 played a significant role in that, but even...
read moreRemembering 9/11
Good day to all of you. Today marks the 11th anniversary of the terrorist attacks on the World Trade Center. I still remember standing on the 104th floor of 1 World Trade Center looking out the window when I visited my brother, Wolfgang, who was an employee at Cantor Fitzgerald. My brother worked on their emerging markets trading desk. One of my brother’s great friends at the firm was John Wallice (a.k.a. the Rocket). He was known as the Rocket because he could hit a golf ball so far. On the day of the attacks, I was sitting at my...
read moreRigoletto…so much known so long ago…
I went to the beautiful San Francisco Opera house this weekend to see the amazing performance of Rigoletto. For those who live in SF, I strongly recommend you go enjoy a story of revenge, of love, and of the nature of men and women. For those wish to see it for free, it will be shown at Giants stadium on September 15, 2012 via simulcast (www.sfopera.com/simulcast). La donna è mobile Qual piuma al vento, Muta d’accento — e di pensiero. Sempre un amabile, Leggiadro viso, In pianto o in riso, — è menzognero. È sempre misero Chi a lei...
read moreSir Andrew Crockett 1943-2012
Good day to all of you. Last week, Sir Andrew Crockett died after a tough battle with cancer. I first met Sir Andrew when I started working at the Bank for International Settlements in the banking department. Sir Andrew was the General Manager or CEO of the firm. In the central bank world, there is a lot of formality and posturing, but what I recognized immediately is that Sir Andrew had nothing to do with that. He treated me like a fellow friend. In my time there, he encouraged me when I started playing golf, he invited me to play golf...
read moreChincarini on the Street Show talking about Crowding
I was in New York City last week talking to Greg Greenberg of the Street.com about the Crisis of Crowding. We had a great time and I had time to take a picture on Wall Street where George Washington was sworn into the Presidency. Enjoy! http://www.thestreet.com/video/11682139/beware-crowding-crisis-in-treasuries-gold.html
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