The New York Post has a fun short about another entrant into the financial advisory business: the
former bassist for Guns N' Roses.
Duff McKagan got into finance after his pancreas burst from excessive drinking. Having made millions in the 1980...
With Bank of America shares (Ticker: BAC) trading well below book value and its recent quarterly results so anemic, the rumor mill swirls with gossip over the fate of its unit, Merrill Lynch. And with the liabilities of the mortgage mess virtually...
And you FAs make too much and add little-to-no vlaue. When David F. Swensen, the chief investment officer at Yale University, speaks, the investing community listens. Carefully. As CIO of Yale's endowment, Swensen has built a reputation as...
Perma bear Nouriel Roubini concludes: "So Karl Marx, it seems, was partly right in arguing that globalization, financial intermediation run amok, and redistribution of income and wealth from labor to capital could lead capitalism to self-destruct ...
Okay, The New York Post scores big today with its cover today. It's almost as good as its famous headline a couple decades ago: "Headless Body Found in Topless Bar."
Last week when the S&P was tipping its hand that it would downgrade U.S. sovereign debt, I was amazed that investors stll poured into the securities --- while selling everything else. A friend, who was a hedge fund analyst (he's currently...
Regular readers know how much I love the Tax Foundation, a non-partisan lobby and research group that advocates a more rational and simple tax structure. One of the Foundation's bloggers, David S. Logan, found that the tax code has a credit for...
