I often quote Po’s line from the movie “Kung Fu Panda”: There is no secret ingredient. Every time there’s a major market crash, there’s someone out there who called it coming and ended up making a fortune. And inevitably, that person never duplicates the feat. In the 1987 crash, it was Elaine Gazarelli. She called… [Read More]
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Tag: Warren Buffett
Two T’s in Buffett, Two E’s in Steel
Yesterday, I was looking up some articles about hedge funds in Fortune Magazine’s archives, and I had to use microfilm. Microfilm! The magazine’s web archives only go through the 1980s, and EBSCO’s only through the 1970s. (That’s an electronic database available through larger libraries.) I had forgotten how to use a microfilm reader and had… [Read More]

