By DAVID MOON, Moon Capital Management, LLC
December 19, 2010
With less than a week until Christmas, I thought I better get my wish list together for ol’ Kris Kringle. If you see my wife or have her email address, feel free to discretely mention any of these to her.
Some new dress shirts. I swear I think the dry cleaners shrank mine. It couldn't have been my holiday diet.
A permanent tax code and temporary government agencies – not the other way around.
No more Nancy Pelosi, Lou Holtz or Mitch McConnell. On television or in office, I mean. I don’t mean NO MORE no more.
Four percent unemployment.
An end to quantitative easing.
The Slingbox that works with my iPad.
More appropriate employment for Tim Geithner and Ben Bernanke.
A larger downtown intermodal transfer facility to handle the overflow bus and foot traffic.
The closure of all insolvent banks.
A big, fluffy housecoat…like they have at really fancy hotels in the movies.
A correlation between inflation expectations and long-term interest rates.
An end to politically-promoted class warfare.
Money market fund rates above 0.00001 percent.
The first Walmart in China. (Would all the products there be made in the US?)
Some goats with suitable fencing.
More corporate executives with the candor of Ryanair’s Michael O’Leary and the ability of JP Morgan's Jamie Dimon.
A junk email filter that works.
Public access to all Federal Reserve Board meetings and the City County Building parking garage.
Three percent GDP growth and a ten percent personal savings rate.
My own soda fountain machine, with Diet Mountain Dew.
An honest accounting and reporting of the increase in consumer prices.
A nation proud of its American supremacy.
Dow 14,000. No more Dow 10,000.
Term limits for all elected offices, applied at least within a decade of their passage.
Strong, independent corporate boards of directors, who are paid enough to take their role seriously, but not so much that they feel beholden to company management.
The pleasure of secretly introducing Jason Bourne to Julian Assange.
No more earmarks.
A law requiring TSA agents be hired from Hooters.
A mandatory death sentence for whoever writes computer viruses. Being eaten alive by giant fire ants would be fine with me.
Bankers who are neither risk seeking nor risk averse - but are capable of assessing and pricing risk.
Clocks that don’t have to be reset when the time changes each spring and fall. (Or the elimination of Daylight Savings Time.)
A set of financial statements for the US government prepared to the same standards required of public companies.
An abolition of the variable annuity business. I'm not in favor of state-sponsored religion, but I often wish that the first amendment to the US Constitution also required a separation of insurance and investments.
A requirement that mutual fund managers invest half their liquid net worth in the fund they manage. (There would be fewer mutual funds.)
Lunch with my father.
Less Glenn Beck and Jim Cramer. More Bill Ackman and Charles Krauthammer.
A law against websites that automatically play music when you visit them.
Leadership at my Alma Mater that doesn’t measure ethics on a sliding scale against wins.
That's not too much to ask, is it?
David Moon is president of Moon Capital Management, a
Knoxville-based investment management firm. This article
originally appeared in the News Sentinel (Knoxville, TN).