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  1. Flash Buy Alert! • April 29, 2009

    Dear Capital & Crisis Reader, I want to get this to you right away. Earnings for our new buy came out yesterday, and the conference call was this morning. All good. Let’s take a look at the “Chinese ethanol”… The Chinese Ethanol “In the U.S., corn ethanol may be king, but in China, where [...]

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  2. Earnings Season Begins! • April 24, 2009

    Updates: PICO, NBR, ASTE, APL, ESV, POT, ABB Dear Capital & Crisis Reader, I’ve spent much of the past week digesting earnings reports and listening in on conference calls. So today’s weekly will focus mostly on those updates. As quick preview, I’d say we’ve come through earnings season pretty good so far. In fact, [...]

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  3. The Cuban Revival • April 17, 2009

    “There are… Lions, Elks, Moose, Shriners, beauty contest winners, characters who have gotten into a little trouble and pass a note in by the doorman, characters who get killed next week, the FBI, former FBI, occasionally your bank manager and two other guys, not to mention your Cuban friends.” – Ernest Hemingway, [...]

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  4. Memoirs of Extraordinary Popular Delusions • April 10, 2009

    “Persons of distinctions, of both sexes, were deeply engaged in all these bubbles… Sensible men beheld the extraordinary infatuation of the people with sorrow and alarm.” – Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds Updates: ROSE, AVX, NWPX and AGU Dear Capital & Crisis Investor, Charles Mackay was a poet, journalist and songwriter. He also had [...]

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  5. Unprecedented… and Unimaginable Before 2008 • April 10, 2009

    “What marks our Great Recession for greatness is neither the loss of jobs nor the shrinkage in GDP, but the immensity of the federal response to those afflictions. The scale of the government’s intervention is much more than unprecedented. Before 2008, it was unimaginable.” – Grant’s Interest Rate Observer, April 3, [...]

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  6. The Next Reserve Currency? • April 3, 2009

    “China is no longer as poor as it claims; the United States is no longer as rich as it acts.” – Zachary Karabell, “It’s Beijing — or Bust,” The Washington Post Updates: APL Dear Capital & Crisis Investor, You have probably heard about the overhyped meeting of the G-20 in London. A bunch of windbags [...]

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  7. The Flight of the Commodore Or How to Make 14 Times Your Money in Bad Times • April 1, 2009

    Download PDF In the 1970s, the city of New York was on the brink of bankruptcy. It was in shambles. Crime rates soared. Homeless people crowded the sidewalks. More than a million people fled the city during the decade. In 1974, a young developer stepped into this maelstrom and picked up the Commodore Hotel for $10 million [...]

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