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dcollon

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Posts posted by dcollon

  1. There is an old joke about an engineer, a priest, and a doctor enjoying a round of golf. Ahead of them is a group playing so slowly and inexpertly that in frustration the three ask the greenkeeper for an explanation. “That’s a group of blind firefighters,” they are told. “They lost their sight saving our clubhouse last year, so we let them play for free.”

     

    The priest says, “I will say a prayer for them tonight.”

     

    The doctor says, “Let me ask my ophthalmologist colleagues if anything can be done for them.”

     

    And the engineer says, “Why can’t they play at night?”

     

    http://www.newyorker.com/magazine/2015/05/04/the-engineers-lament

  2. Bankstocks.com opinion

     

    "MidFlorida, the fifth largest credit union in the state—with $2.1 billion in assets—paid an undisclosed amount for the naming rights to an amphitheater in Tampa while developing some of the most lavish office spaces and branches throughout the state. MidFlorida began in 1954 as a small credit union for teachers and today serves approximately 200,000 members who “live, work, worship or attend school” in its Central Florida service area"

     

    http://bankstocks.com/lets-tax-credit-unions/

     

  3. "While some Buffett  wannabees on Forbes’s list operate like Berkshire, using insurance float to fund investment in disparate business lines and publicly-traded securities, others are more specialized than the ‘Oracle of Omaha’ and focused on niche markets where they have a narrow expertise. A handful of Wall Streeters who once might have been deemed ‘corporate raiders’ or buyout kingpins, meanwhile, are beginning to display their Buffett stripes."

     

    http://www.forbes.com/sites/antoinegara/2015/05/15/10-wannabe-berkshire-hathaways-warren-buffett/

     

  4. In my opinion, most firms/people overweight the importance of a prime broker.  Unless you are interested in capital raising/introduction, derivatives/leverage, name recognition, etc...There is no reason to go out and find a prime broker. 

     

    In my opinion, Schwab, Interactive Broker, or many other "cheap" firms will provide everything you need to manage an investment partnership or RIA.

     

    However, this is just my opinion, as I said at the beginning.

     

  5. [amazonsearch]Essentialism: The Disciplined Pursuit of Less[/amazonsearch] - Greg KcKeown

     

    I recently finished this book and found it to be helpful in thinking about a lot of the mistakes I continue to make on a day to day basis.  It's similar to some other books that discuss checking e-mail too much and multi-tasking, but takes the idea in more interesting direction. 

     

    It provided me with a list of things I need to work on, like saying "no" more and not over committing myself. 

     

    I think some of the board members on the CoB&F would find it worthwhile. 

  6. [amazonsearch]The Vulture Investors - Hilary Rosenberg[/amazonsearch]

     

    This was a very enjoyable book about some large bankruptcies from years ago.  The author did a great job including the major firms and individuals that were involved with each case study/bankruptcy.  In addition, the descriptions of each case were entertaining to read.

     

    You will recognize many of the characters in the book like, Michael Price, Wilbur Ross, etc...

     

    I certainly enjoyed it and would recommend it to you all.

     

     

  7. [amazonsearch]The Professor, the Banker, and the Suicide King: Inside the Richest Poker Game of All Time[/amazonsearch]

     

    ScottHall mentioned this book in the thread about Andy Beal, so I bought it two days ago.  Needless to say I couldn't put it down.  Over the years I have tried to read anything I can find on Andy Beal and how he has run his bank.  There is very little that has been written about him, so I found it very interesting to read about his focus on poker.

     

    The stories in the book are pretty amazing. Andy Beal became unbelievably focused on playing and competing against the best poker players in the world.  He worked incredibly hard over the course of about four years to try and get an edge. It was very interesting since the money did not seem to matter to him, it was more the process and the challenge.  I also enjoyed learning more about some of the poker legends like Doyle Brunson, Howard Lederer, etc...

     

    For anyone interested in Andy Beal or large stakes poker, I think you will enjoy this book.

     

     

     

  8. "Beal Bank USA’s headquarters in Summerlin is as plain and suburban as they come. It’s a strip-mall storefront, just two doors from a Domino’s Pizza and near a Hallmark store and McDonald’s.

     

    It’s no ordinary branch, though. It holds about $2.2 billion in deposits, one of the largest stockpiles of any bank branch in Southern Nevada."

     

    http://www.vegasinc.com/business/2014/dec/31/beal-banks-lv-headquarters-tiny-its-22b-deposits-p/

     

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