Ask a Hipster — Advice you didn't know you needed
Big Screen — Movie commentary
Blurt — Music's inside track
Booze News — San Diego spirits
Classical Music — Immortal beauty
Classifieds — Free and easy
Close to Home — What it’s like on the street where you live
Cover Stories — Front-page features
Drinks All Around — Bartenders' drink recipes
Excerpts — Literary and spiritual excerpts
Feast! — Food & drink reviews
Feature Stories — Local news & stories
Fishing Report — What’s getting hooked from ship and shore
From the Archives — Spotlight on the past
Golden Dreams — Talk of the town
The Gonzo Report — Making the musical scene, or at least reporting from it
Letters — Our inbox
Movies@Home — Local movie buffs share favorites
Movie Reviews — Our critics' picks and pans
Musician Interviews — Up close with local artists
Neighborhood News from Stringers — Hyperlocal news
News Ticker — News & politics
Obermeyer — San Diego politics illustrated
Outdoors — Weekly changes in flora and fauna
Overheard in San Diego — Eavesdropping illustrated
Poetry — The old and the new
Reader Travel — Travel section built by travelers
Reading — The hunt for intellectuals
Roam-O-Rama — SoCal's best hiking/biking trails
San Diego Beer — Inside San Diego suds
SD on the QT — Almost factual news
Sheep and Goats — Places of worship
Special Issues — The best of
Street Style — San Diego streets have style
Surf Diego — Real stories from those braving the waves
Theater — On stage in San Diego this week
Tin Fork — Silver spoon alternative
Under the Radar — Matt Potter's undercover work
Unforgettable — Long-ago San Diego
Unreal Estate — San Diego's priciest pads
Your Week — Daily event picks
Wall Street Collapses of Its Own Hubris, Gambling with Borrowed Funds. Two of Biggest Houses, Merrill Lynch and Lehman, Disappearing
Honestly, San Diego RE could come down another 50%. Who is going to loan money? Salaries are low in SD and with prices in freefall and a lack of newcomers and job growth, what will hold up prices? I see 50% freefall by 2010. COLT— September 15, 2008 9:18 p.m.
Stocks Plunge; Insurance Giant AIG May Be Next Casualty. Era of Excessive Debt Probably Coming to Inglorious End
Brandes could, unbelievably, take another major hit if WaMu goes to zero. They own almost 60 million shares at way higher prices. I wonder how value investing did in the Great Depression? We are headed towards Great Depression #2.— September 15, 2008 9:13 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
Reply to #16 The only one is Jimmy Rogers...he had an amazing return running a hedge fund and has been saying to short the dollar and Fannie Mae for years. He even called the commodity boom. These value managers are losing money so fast. It makes you wonder if it is worth it to pay crazy fees to have someone manage your money. Just dollar cost average into index funds with low expense ratios!— September 9, 2008 12:57 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
Don, What do you think Value Managers like Brandes, Pzena and Bill Miller of Legg Mason saw in these stocks? I think Brandes had an average price in the $20s-30s. Could these guys be that out of touch with Main Street? Thanks l— September 8, 2008 6:25 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
And now the CEOs of FNM and FRE are going to get millions in severance! Our Country is so messed up.— September 8, 2008 1:26 p.m.
It's Official: Federal Government Seizes Fannie and Freddie. Will Reform Come Next?
Believe it or not, the CEOs of FNM and FRE are going to get millions in severance. Run a company into the ground and get millions! Insane!— September 8, 2008 1:24 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
Reply to #9 Don, how much longer do you think investors will want to pay Mercedes type fees for awful performance. Can you imagine losing 30-40% and then getting a monster bill for fees?— September 7, 2008 4:11 p.m.
It's Official: Federal Government Seizes Fannie and Freddie. Will Reform Come Next?
Reply to #2 So many people have been burned by the corruption on Wall Street that they now vow to never ever return. Do you realize how many nest eggs have been cut in half? Too much greed has caused International investors to view the U.S. as a scam market. Ask someone savvy in Europe or Asia. COLT— September 7, 2008 4:08 p.m.
It's Official: Federal Government Seizes Fannie and Freddie. Will Reform Come Next?
So by being patient (i.e. Brandes) you will be ok and make great returns. WRONG! BIP shareholders will now be wiped out in this! Common shareholders are getting nothing. This is exactly my point why buy and hold value investing is dead. I am sure investors are happy to be paying Mercedes type fees for these type of stock choices. Pzena and Legg Mason blew it here also. COLT— September 7, 2008 1:15 p.m.
If Common Shareholders Are Wiped Out in Fannie/Freddie Bailout, Brandes Could Take Another Hit
Reply to #6 Theory is Inflated Egos and Cockiness and being too stubborn to change with the markets. Read the articles on their website. They are so convinced that if they only buy what is not wanted by Wall Street that they will gather bargains. Well, in previous downturns this worked. We are now in one of the worst times ever in our Country. I think when you are a Billionaire, you can not relate to how bad things are for the average person and thus see turnarounds in things like Autos, Homebuilders, Mortgage Companies, Banks, etc when there may not be one before many of their so-called contrarian plays go belly up. Joe and Sally Smith even realized that it was pretty dumb to buy homebuilders and mortgage company stocks in 2007. You even are savvy enough to know not to buy newspaper stocks. This isn;t the first time a brilliant investor was brought to his knees in the markets and won't be the last. I don't know how they could value stocks using Graham/Dodd or any other model when you can not figure out the true book value of these things. Maybe they will prove everyone wrong but it seems like their approach to investing is as obsolete as an 8-track player. Sad thing is that the worst is probably yet to come in Financials as many of the crazy loans are coming to a head next year and 2010. Best wishes Don, COLT— September 6, 2008 11:40 p.m.