 The Wild Wild World of Wealth |
I just watched the 60 Minutes segment on Michael Lewis and his new book, “The Big Short.” He had some terrific sound bites including my favorite about AIG: “…they didn’t know the mistake they were making.” Here’s one reason I’m buying the book.
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As a stockbroker, I was wary of all the [...]
I plan to examine three questions. How can we regain confidence when:
Havoc is more profitable than fixing problems?
Employees don’t trust the companies they represent?
Nobody has the global power to regulate financial institutions?
In case you missed Matt Lauer’s interview with Harry Markopolis, here it is. Markopolis is the money manager from Boston who met with SEC four times and tried to expose Madoff’s Ponzi scheme. He said some terrific things during the interview and some that give my pause:
“If you don’t understand the strategy, don’t invest in [...]
"My job is the occupation formerly known as 'stockbroker.' But it has been years since anyone called me that. Stockbroker sounds oily. Glengarry Glen Ross. The word makes clients twitch..." Click to buy.
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