So, for the last four years I’ve been yammering on about what the future of Wall Street should look like. Continue reading
One of the first things you learn at Financial Advisor school is the difference between growth and value. And, like any decent salesman on Wall Street I learned to tell a story about it. And it goes something like this….
This has been bugging me for a while. Fees. Wall Street sure loves fees.
Sometimes life deals you a hand you didn’t plan for. And, sometimes that hand is shitty.
For the last two years, I pretty much poured my heart and soul in to trying to become rich and famous. Mostly now, I’m infamous. Continue reading
My friends Josh Brown and Tadas are asking & answering a great question right now, “where have all the financial bloggers gone?” I guess that would include me, since I’ve kinda disappeared.
The truth is — I actually like writing and I love the idea that someone, somewhere almost anywhere in the world is seeing my words. So, by association, I must love blogging. But, truthfully, lately I’m also very self-conscious. Maybe I’m wasting my time and yours.
I was sitting in the beautiful atrium of her home, overlooking a seemingly endless view of the Pacific Ocean, in one of the most exclusive zip codes in Los Angeles.
Bloomberg, this morning, is bringing a bucket of icy reality for the faces of anyone waiting for Wall Street to break itself into bite-sized pieces…
Can you imagine? One day you turn on the news, and there it is. Scrolling across the ticker of the flat screen…
“BANKERS ARE AWESOME, INDUSTRY-WIDE CUSTOMER SATISFACTION AT RECORD HIGHS, RECENT SURVEY SHOW BANKS AMONG MOST TRUSTED COMPANIES IN THE COUNTRY…”
“Either you sell the client some stock or he sells you a reason he can’t. Either way a sale is made, the only question is who is gonna close? You or him? — Boiler Room
These last couple of days there’s been a bit of fresh discussion about “fake” user reviews & social media fans being used to sell things on the interwebs. My (I don’t think we’re fake) friends Josh Brown & Barry Ritholtz brought up some interesting insights, both ultimately resting on the same point: ‘fake’ is generally bad form and, at least in the investing world, really bad business.