28 March 2008 by Patrick Byrne
I would rather try describing what an oyster tastes like than try to analyze Jim Cramer. For the sake of the integrity of my story, however, analyze him I must. I will confine myself to two prefatory comments: 1) Jim is a complicated man. I say this neither to excuse nor condemn him. Instead, [...]
12 March 2008 by Patrick Byrne
I feel the same strange admiration for Michael Steinhardt as one would for an old mobster sitting in a Tucson retirement home playing canasta. Steinhardt slipped through minefields that destroyed others, and for that alone he should be beyond cheap shots now. However, without telling Steinhardt’s story there is no way for me to make [...]
11 March 2008 by Patrick Byrne
Much though I welcome comments, I am bothered by posts from a few readers who bring ethnicity into the equation. These comments seem hateful to me. I want to explain a deep financial crime that is harming our country, but sadly, some seem unable to comment on it without discussing the Jewish ethnicity of some [...]
08 March 2008 by Patrick Byrne
What is “Web 2.0″? In the Web 1.0 world, big corporations feed you products: Sears feeds you toasters, NBC feeds you sit-coms, The New York Times feeds you information to believe. The Web 2.0 world is radically different. It is not about big corporations feeding you stuff, it is about peers creating things for each [...]
15 February 2008 by Patrick Byrne
I will begin this preamble to the subject systemic risk with two quotes from Warren Buffett (by quoting him I do not mean to imply his support in these efforts of mine): Of excess leverage in the system, Mr. Buffett has said, “No one knows who’s been swimming naked until the tide goes out.” Mr. [...]
13 February 2008 by Patrick Byrne
We often receive political complaints at Overstock . I am posting this so that in the future, when customer service agents get harangued by people angry about statements they believe are being made by our decision to advertise certain places or carry certain products or sell certain books, music, or magazines, those agents can just send a [...]
12 February 2008 by Patrick Byrne
There is something that I have permission to divulge, but have refrained from doing so. As you will see, there are reasons I must do so now. There are among the Bad Guys some with conscience. Months ago, one from within the network of Bad Guys got in touch with me and turned over 8,000 emails from [...]
11 February 2008 by Patrick Byrne
The “St. Smallcap” example conveyed the dynamics of the manipulation, but it was only a metaphor. This blog will provide an explanation whose truth is more literal. You and I enter a stock trade. You buy a share of stock from me. You hand over your money, and I hand over the share of stock. [...]
09 February 2008 by Patrick Byrne
I will briefly recount the sordid history of Sam Antar the Crook. Then, and only then, will the reader grasp the import of the question, “Whose interests are being served by the recent promotion of Sam Antar the Crook? Why him, why suddenly, and why now?” 1. In the 1980′s a New York electronics retailer [...]
29 January 2008 by Patrick Byrne
From: Sam E. Antar [mailto:sam@whitecollarfraud.com] Sent: Monday, January 28, 2008 7:22 PM To: Patrick Byrne Cc: israelk@sec.gov Subject: Overstock.com Fourth Quarter Fiscal Year 2007 Earnings Call Dear Mr. Byrne: This is in response to your email and post on the InvestorVillage Board (see below). At your third quarter fiscal year 2007 earnings conference call, you [...]