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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (117935)	3/6/2009 1:23:08 PM
From: GuinnessGuy	Read Replies (1) \| Respond to of 132070

Mike and all, I see that Time Magazine did a poll on the 25 People to Blame for the Financial Crisis. To my surprise, top dog in the guilt-fest is actually the one I would have voted top dog - Phil Gramm. He actually wins by a relatively wide margin, with former Apparatchik, Chris Cox(head of the SEC), coming in second. The term, apparachik, may seem over the top but Wikipedia states that the modern definition(outside the historical context of the Soviet Union), is thus: "Today this term is also used in contexts other than Soviet Union. For example, it is often used to describe people who cause bureaucratic bottlenecks in otherwise efficient organizations. It is also frequently used to describe individuals, appointed to positions in any government, on the basis of ideological or political loyalty rather than competence." Seems to fit rather nicely, especially the last sentence. Funny that W's daddy presided over the winning of the cold war only to have his son come in and emulate a key characteristic of the corrupt Soviet system. craig

To: Knighty Tin who wrote (117935)	3/8/2009 9:25:12 PM
From: Knighty Tin	Respond to of 132070

I didn't know how psychic I am. Third Avenue Value Fund's (not the intl. value fund, as I mentioned earlier) number one holding is Cheuy, which was the stock I mentioned in my note. I was just throwing out one of many real estate cos. in Hong Kong I have used in the past. Henderson Land is now one of the top five holdings, which is another favorite, though Cheuy holds a lot of Henderson, so there is some overlap. Since Jardine's set sail for Bermuda, Cheuy is probably now The Noble House in Hong Kong, though it can never replace the myth and glamor of Jardine's. BTW, after reviewing Third Avenue, I didn't find their performance that great. It's o.k., but I think I'd rather buy the stocks on my own. And Jardine's hasn't fared that well in Bermuda. It seems they have these things called laws and regulations in Bermuda. It sure cuts in to how much piracy they can commit. <VBG>