When Edvard Munch’s “The Scream” recently sold at auction for $119.2 million I wondered about how investments in the art world have been performing over the last few volatile years. “You Can’t Buy Taste” by David Serchuk provides some interesting answers.
Every year the Employee Benefits Research Institute (EBRI) delivers an insightful glimpse into how Americans are preparing for retirement – and how they feel about their future prospects. This year American’s confidence in their ability to retire comfortably sits at a historically low level.
In a recent I passed on a statistic I read in an article by Sherree DeCovny in CFA Magazine that one out of every ten Wall Street employees is clinically psychopathic. A friend later referred me to another article “Untrue: One out of every Ten Wall Street Employees is a Psychopath” by John M. Grohol.
Plenty of investors motivated by greed and the media’s general hoopla got caught up in the Facebook IPO frenzy. The result? Another big win for Wall Street. Days before the IPO Facebook increased the number of shares it would offer to the public by 25 percent.