Buffett was particularly expansive regarding his processes and methods, and this alone makes this video worth the time (some 90 minutes). The fact that it was October 1998, a pivotal time in the dot-com boom and just after the LTCM imbroglio makes it even more interesting.
Alice “Snowball” Schroeder last month wrote a piece on Bloomberg called “Wall Street makes it hard to earn a legal living”. While IP has always discussed the obvious conflicts of interest for all the market’s agents, and the sell side in particular, Alicemisses a turn in the road somewhere – falls down the rabbit hole? – and turns this article into quite the generalization. The issue of conflicts of interests deserved a better effort.
Looking at the world’s largest remittance players, it’s perhaps useful to use Moneygram – smaller, under-covered and nearly-bankrupt – to better understand Western Union.