 The Wild Wild World of Wealth |  |
In just a few days, I’m leaving for Australia to begin a Top Producer book tour. I hope to post several times on Acrimoney from Down Under, the land where they use nets to keep real sharks away from the shore. I did not set up the links on the attached postcard, so please just [...]
Asset allocation is a joke.
Grove O’Rourke here. I’m taking a break before Top Producer, the novel where I’m a good guy and a stockbroker with a boatload of troubles, ships in September. In the meantime, here’s one question I’d like to discuss: How do clients and their financial advisers build successful long-term relationships? I’ve seen so many articles that create templates [...]
Cyber attacks scorched Twitter and Facebook last week. The source of the attacks is still unclear. But suspicion has turned to a Georgian blogger with the screen name “Cyxymu.” The digital blitzkrieg makes Acrimoney wonder:
Is a world without Twitter and Facebook such a bad thing?
Does it strike anyone other than me, and remember I’m a fictional character, that one realm of the government is suing an organization that another realm of the government bailed out?
Why do members of the Supreme Court command more respect than stockbrokers?
I know the numbers. There are nine Supreme Court justices. There are over 300 stockbrokers at Sachs, Kidder, and Stanley. And at firms like Morgan Stanley or Bank of America—forget about it. There are over 10,000 financial advisers in each of those organizations. Supreme Court justices, by comparison, are a rare and unique species.
But we manage your money.
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