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  1. The Brewer's Art • September 30, 2005

    Dear Capital & Crisis Investor, I was in Baltimore the other day at some watering hole called The Brewer’s Art, where the signature brew is called Resurrection. It’s a smooth-tasting beer with some ungodly amount of alcohol. I was meeting with my publishers, and they told me the Agora Financial Reserve was selling briskly. The Reserve, [...]

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  2. Capital & Crisis Reader Mail & Portfolio Updates • September 23, 2005

    Dear Fleet Street Investor, I’ve been reading your e-mails, but I can’t respond directly, due to ever-tightening legal restrictions (thanks to the power-hungry bureaucrats at the SEC who seem intent to clamp down on anything that moves). Still, I appreciate all the feedback, both positive and critical. It’s harder to write in a vacuum, where I’m [...]

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  3. Moby Dick, China & Investment Principles • September 16, 2005

    Dear Fleet Street Investor, There is a scene in Moby Dick in which Ahab’s second mate, Stubb, snookers French seamen out of a whale carcass. (Americans have always loved poking fun at the French, it seems. Published in 1851, the Frenchmen in Melville’s grand novel are comical stereotypes.) Stubb convinces the French that the dead whale is [...]

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  4. Secrets of Wall Streets Vulture Investors • September 13, 2005

    You probably have a hard time believing anyone could do so well investing in troubled companies, much less bankrupt ones. And even if you know that investing in troubled companies can be enormously profitable, you probably think it must be very risky. On the contrary, it’s safer than most styles of investing – when done [...]

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  5. Fleet Street Hotline • September 9, 2005

    Dear Fleet Street Investor, As I’ve probably mentioned several times by now, I started my own newsletter called Capital & Crisis before Addison Wiggin hired me to write Fleet. In addition to being a big fan of my letter, Addison also loved the name Capital & Crisis. Well, a few weeks ago, he brought up the idea [...]

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  6. Katrina, Jay Gould & Troubled-Company Investing • September 2, 2005

    Dear Fleet Street Investor, Like many of you, I’ve sat in front of the TV in utter disbelief at the destruction wrought by Katrina, and the catastrophe it represents for thousands of people in the New Orleans area. Already, early estimates for property damage exceed the damage done by Hurricane Andrew in 1992 — making Hurricane Katrina [...]

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