Comments on: The Michael Lewis analysis http://timworstall.com/2010/03/21/the-michael-lewis-analysis/ It is all obvious or trivial except... Sun, 12 Feb 2012 10:09:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: mary http://timworstall.com/2010/03/21/the-michael-lewis-analysis/comment-page-1/#comment-42489 mary Tue, 23 Mar 2010 00:29:55 +0000 http://timworstall.com/?p=14003#comment-42489 You may find this article interesting… Facing Challenges of Brazilian Private Equity: Part II Financial Transparency This is perhaps the mother of all issues when considering the more common challenges in successfully raising private equity capital. And it’s not an issue solely relevant to Brazil and/or Latin America, as it is an issue facing any early-stage or middle-market company worldwide looking to raise capital via the private equity market. It is the subject of much frustration among private equity professionals and company executives alike, and perhaps the single most common reason why most potential transactions reach an unfortunate and untimely death. For free access to the full article: http://www.alternativelatininvestor.com/38/private-equity/facing-challenges-of-brazilian-private-equity-part-ii.html You may find this article interesting…

Facing Challenges of Brazilian Private Equity: Part II

Financial Transparency

This is perhaps the mother of all issues when considering the more common challenges in successfully raising private equity capital. And it’s not an issue solely relevant to Brazil and/or Latin America, as it is an issue facing any early-stage or middle-market company worldwide looking to raise capital via the private equity market. It is the subject of much frustration among private equity professionals and company executives alike, and perhaps the single most common reason why most potential transactions reach an unfortunate and untimely death.

For free access to the full article:
http://www.alternativelatininvestor.com/38/private-equity/facing-challenges-of-brazilian-private-equity-part-ii.html

]]> By: Les Cargill http://timworstall.com/2010/03/21/the-michael-lewis-analysis/comment-page-1/#comment-42412 Les Cargill Sun, 21 Mar 2010 12:40:28 +0000 http://timworstall.com/?p=14003#comment-42412 Wall Street is the last bastion of centralized brute force power. It';s the id half of the 20th Century psyche of America - assuming you can assign higher order functions to Washington. It was failing, and in reinventing itself, it has spread a contagion. But America, the more-real parts of it, where "We Can't Make It Here Anymore" ( per James McMurtry) may begin to find both of rather limited utility. On one of his many cable appearances, I think on Bloomberg, Mr. Lewis mentions that it took four years from 1929 to 1933 for any real government action to develop. Actually, he proposes just putting CDO/CDS instruments on exchanges in favor of transparency. I will have to think about what you have said - that may well be exactly it. But he struggled with the privatization issue in interviews, I think - he knows what that means. There is something like a zero-point energy potential in this moment. If the American people sigh and hope for business as usual, they deserve whatever comes after. I think they've found the story now, and ignorance is no excuse. For whatever reason, probably because I recently watched Starz "Spartacus: Blood and Steel" and because Mr. Lewis also writes sports, there is a hint of something quintessentially Roman to that piece. Our champions went bloody into the arena, with us all side betting on who would please the gods the most. Only the patrician holding this games did not show the thumbs down ( or is it up? ) to dispatch the broken creatures. The image "hands of a boxer" ... inspired. Wall Street is the last bastion of centralized brute force power. It’;s the id half of the 20th Century psyche of America – assuming you can assign higher order functions to Washington. It was failing, and in reinventing itself, it has spread a contagion.

But America, the more-real parts of it, where “We Can’t Make It Here Anymore” ( per James McMurtry) may begin to find both of rather limited utility. On one of his many cable appearances, I think on Bloomberg, Mr. Lewis mentions that it took four years from 1929 to 1933 for any real government action to develop.

Actually, he proposes just putting CDO/CDS instruments on exchanges in favor of transparency. I will have to think about what you have said – that may well be exactly it. But he struggled with the privatization issue in interviews, I think – he knows what that means.

There is something like a zero-point energy potential in this moment. If the American people sigh and hope for business as usual, they deserve whatever comes after. I think they’ve found the story now, and ignorance is no excuse.

For whatever reason, probably because I recently watched Starz “Spartacus: Blood and Steel” and because Mr. Lewis also writes sports, there is a hint of something quintessentially Roman to that piece. Our champions went bloody into the arena, with us all side betting on who would please the gods the most. Only the patrician holding this games did not show the thumbs down ( or is it up? ) to dispatch the broken creatures.

The image “hands of a boxer” … inspired.

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