Hi Taikun, I had purchased the same book and replacement copies for my library of books I had read before. The replacement books necessary as the originals were borrowed and never returned as they are all too good a read - all 1980s goodies from the last time such as Barbarians @ the Gate, Money Culture, Den of Thieves, Merchant of Debt, In$ider Job, Robert Maxwell. I find all of these books tremendously funny and genuinely entertaining, reading better than fiction. I also got øDerivatives, the Wild Beast of Financeñ. One problem, I am too busy doing puts and calls to actually read the books right now.
Current trading considered: Hong Kong Shanghai Bank has offered to buy Republic National Bank at $70/share, but deal delayed due to RNBîs possible involvement in money laundering. I think the deal will go through, though delayed until yearend. The share sells in the for $60, and a call/put straddle at $60 going out one year net $14. Before buyout announcement, the share sold in the $50s. Uhm, will the world blowup before consummation of the deal, and if the world blows up, will HSBC still go through the deal anyway?
I bought the books for when things blowup (which no doubt will allow even better books to be written) and I am stretched out on the beaches in Boracay (Philippines ùC rated best beach in world) at $20/day, lobster sashimi included. I lived in Boracay for 6 months between 1989-1990 when Tiananmen fiasco caused my business to drop to almost zero. I supervised the renovation of øFridays Resortñ on Boracay for Aussie friends. |
