Xiang Ji’s Bookshelf

You Don’t Need To Innovate In Finance; You Don’t Need To Invent Anything New

Archive for July 9th, 2009

Buffett Again

It’s that time of the year again in Sun Valley. Buffett is there and talks to someone from CNBC other than Betty Quick.


Sheldon Adelson Puts Up the Tough Face

“Our business model is different that we don’t expect to pay down financing by generated revenue, but by selling assets.” – Wow, how unique is that? Every company from AIG, Citi, GM to Sumner Redstone is selling assets. And good luck on that.