futile

November 30, 2017

https://www.investing.com/rates-bonds/world-government-bonds

March 2, 2017

Dear all,

The correct spelling of the person is imho : Wolfe not Wolf.

See :

DEC. 23, 1964 : "Herbert O. Wolfe, director of research of the New York Hanseatic Corporation,(...)died yesterday at his home, 899 East 19th Street, Brooklyn. His age was 51."

http://www.nytimes.com/1964/12/23/herbert-o-wolfe.html

WOLFE—Herbert O., vice president and director of research of New York Hanseatic Corp., on Dec. 22, 1964, af his home, 899 E. 19th Street, Bklyn., cherished husband of Lillian, loving father of Irving.Scott and Louise. Reposing at the Riverside Ocean Pkway and Prospect Park, Bklyn. Services at the Riverside Thursday at 10 A.M”.

http://www.nytimes.com/1964/12/23/deaths.html

HERBERT O WOLFE FOUNDATION INC : (daughter might be managing it?).

https://projects.propublica.org/nonprofits/organizations/116012915

May 28, 2016

A tip of the hat to you futile (you aren't the operator of the futile finance site are you?)

"Netnet", Yes. That's me! My pleasure. ;)

A few more links related to this thread :

46 min video (10/15/2013) interview in english with Ronald MacLean Abaroa

https://www.kaltura.com/index.php/extwidget/preview/partner_id/32325/uiconf_id/32372481/entry_id/1_0dhibv8z/embed/iframe?&flashvars[streamerType]=auto

Also one book that helped him :

http://tinyurl.com/j5jr55j

https://www.amazon.com/Controlling-Corruption-Robert-Klitgaard-ebook/dp/B004HO6C8O

May 26, 2016

Hi "globalfinancepartners",

My pleasure. ;)

Back to the subject :

(interactive link): 2008 Preventing Corruption by Reinventing Local Government : Practical Lessons from La Paz

http://fpdl.org/milc/

2015 Cleaning Up La Paz How Bolivia’s biggest city freed itself from a ubiquitous culture of corruption.

http://foreignpolicy.com/2015/09/11/cleaning-up-la-paz-bolivia-corruption/

May 26, 2016

Thank you "rogermunibond". ;) That is probably Bolivia indeed !

https://olc.worldbank.org/sites/default/files/Ronald%20Maclean%20-%20Leadership%20Biography%20(Approved).pdf

Here is a related discussion in 2008 (previous Msn board) :

General : Mungers mysterious small economy

Recommend Message 1 of 7 in Discussion
From: MSN Nicknamedolce2invest (Original Message) Sent: 7/17/2008 6:43 PM
Does anybody know, which small South American country Charlie
reffered to in the "Poor Charlies Almanach"?
He said something like its a small very corrupt south american
economy and some smart people went there and used some
psychological tricks to fix it. He was asked where it was, but just
said he found it in a psychology book and he could sort it out, but
it was too much trouble.
Thanks for your help.
Dolce

First Previous 2-7 of 7 Next Last
Reply

Recommend Message 2 of 7 in Discussion
From: MSN NicknamePohick2 Sent: 7/18/2008 2:06 AM
could it be Chile?
http://en.wikipedia.org/wiki/Chile
"The country, which had been relatively free of the coups and arbitrary governments that blighted the South American continent, endured a 17 year military dictatorship (1973-1990), one of the bloodiest in 20th-century Latin America that left more than 3,000 people dead and missing.[5]

Currently, Chile is one of South America's most stable and prosperous nations.[5] Within the greater Latin American context it leads in terms of competitiveness, quality of life, political stability, globalization, economic freedom, low perception of corruption and comparatively low poverty rates.[8] It also ranks high regionally in freedom of the press, human development and democratic development. Its status as the region's richest country in terms of gross domestic product per capita (at market prices[9] and purchasing power parity[10]) is countered by its high level of income inequality, as measured by the Gini index.[11]"

Reply

Recommend Message 3 of 7 in Discussion
From: MSN NicknamePohick2 Sent: 7/18/2008 2:18 AM
dosn't mention psychology though
"'El Ladrillo'

Immediately following the Chilean coup of 1973, Augusto Pinochet was made aware of a confidential economic plan known as El Ladrillo [12] (literally, "the brick"), so called because the report was "as thick as a brick". The plan had been quietly prepared in May 1973 [13] by economists who opposed Salvador Allende's government, with the help from a group of economists which were called by the press, at that time, the Chicago Boys, because they were predominantly alumni of the University of Chicago. This document, El Ladrillo, was made available to the offices of the Chilean Armed Forces Generals on the very day after the coup, September 12th, 1973 [12], and contained the backbone of what would later on become the Chilean neoliberal economic policy.[13]

http://en.wikipedia.org/wiki/Miracle_of_Chile

Reply

Recommend Message 4 of 7 in Discussion
From: MSN Nicknamedolce2invest Sent: 7/19/2008 7:00 AM
Thanks Pohick2,
I thought about Chile, but dismissed it, since Pinochet always had
sound economic policies (as you mention) and the
"police state" had not need to use psychology. (I guess).
It could be however be used right at the start in 1973,
I will try to dig down.
I am very keen to know the "psychological tricks" used to
eliminate the "corruption cycle".
Has anyone read in a book about that?

Reply

Recommend Message 5 of 7 in Discussion
From: MSN Nicknamejberkshire01 Sent: 7/19/2008 3:54 PM
I believe it is Bolivia. Apparently, there is also a Harvard case study about it. Here's the Wikipedia entry on Abaroa: http://en.wikipedia.org/wiki/Ronald_MacLean_Abaroa and the book he helped write: http://astore.amazon.com/valuinveworl-20/detail/1558155112/104-6220925-9949545.

Reply

Recommend Message 6 of 7 in Discussion
From: MSN NicknamePohick2 Sent: 7/21/2008 3:53 AM
i dunno, it doesn't match the timeline
i noticed that mungerism too, wish he would have given the book title
maybe worth a question at the annual meeting?
"Sánchez de Lozada and Banzer: Liberalizing the economy (1993-2001)

Sánchez de Lozada pursued an aggressive economic and social reform agenda. The most dramatic reform was the "capitalization" program, under which investors, typically foreign, acquired 50% ownership and management control of public enterprises, such as the state oil corporation, telecommunications system, airlines, railroads, and electric utilities, in return for agreed upon capital investments. The reforms and economic restructuring were strongly opposed by certain segments of society, which instigated frequent and sometimes violent protests, particularly in La Paz and the Chapare coca-growing region, from 1994 through 1996. The de Lozada government pursued a policy of offering monetary compensation for voluntary eradication of illegal coca by its growers in the Chapare region. The policy produced little net reduction in coca, and in the mid-1990s Bolivia accounted for about one-third of the world's coca that was being processed into cocaine.

During this time, the umbrella labor-organization of Bolivia, the Central Obrera Boliviana (COB), became increasingly unable to effectively challenge government policy. A teachers' strike in 1995 was defeated because the COB could not marshal the support of many of its members, including construction- and factory-workers. The state also used selective martial law to keep the disruptions caused by the teachers to a minimum. The teachers were led by Trotskyites, and were considered to be the most militant union in the COB. Their downfall was a major blow to the COB, which also became mired in internal corruption and infighting in 1996."

http://en.wikipedia.org/wiki/Bolivia

Message 7 of 7 in Discussion
From: MSN NicknameRogerwilcomina Sent: 7/23/2008 8:40 PM
Here's Abaroa's presentation from the World Bank. Looks very much to be the guy that Munger was talking about. The PPT outlines the problem and details the steps taken to dramatically reduce corruption. Participatory diagnosis, taking out the "cashier," using young people as the eyes and ears etc. very much in the behavioral finance and psychology.

http://www1.worldbank.org/publicsector/anticorrupt/CoreCourseDec2003/Maclean.ppt

May 26, 2016

Dear all,

- 2005:

"South American Company - the publishers of the above book (see page 448 Poor Charlie's Almanack Talk #9) asked Mr. Munger the same question you have asked. And his response was:

"Oh yes - I ran across that fascinating story not in an economics book, but in a psychology paper. I could take it out of my files for you, but its too much effort, so I wont."

The editor noted: "Sometimes we remain in the dark.""

http://fundooprofessor.blogspot.com/2005/11/three-questions-about-charlie-munger.html

- 2005:

a previous board (when Corner was hosted at msn) user ('whitesamurai') suggested : "First guess: Costa Rica. Second guess: Chile."

- 2014:

https://www.quora.com/unanswered/In-which-Latin-American-country-did-reformers-use-psychology-to-fix-a-corrupt-market-system

- "annals of psychology" : Does anyone know which journal it is ?

Thanks ;)

August 15, 2015

Dear all,

Email me if you want the 1998-2002 Letters (pdf).

Best,

Eric

May 31, 2013

Hello,

After some searches it seems that there are some Blue Chip Stamps reports on paper here :

Stanford University : 1969,1978-1982

and

Columbia University : 1970-1980 (10-K) and 1970-1974 (Annual report)

Also :

"Blue Chip Annual Letter - 1981 and 1982"; "Letter of June 30, 1983 explaining Blue Chip Merger"

http://boards.fool.com/berkshire-letters-30678005.aspx?sort=whole#30679685

Best

May 6, 2013

Thanks for the video! If it is possible I would also like to get hold of the other videos mentioned by claphands22. Those videos have been gems of true wisdom to me, and I always keep looking for more.

Done ! ;)