Peter Lynch the legendary manager of Fidelity’s Magellan Fund is famous for advising investors to “invest in what you know.” The Prophet of Omaha Warren Buffett also advocates investing within your “circle of competence.” Maybe JPMorgan Chase traders should have followed this sage advice.
When the House Financial Services Committee recently announced the remainder of its schedule I was relieved to see that the so-called Bachus Bill was not listed and will have to wait until next session to be debated.
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.
I just read a really interesting article in Financial Advisor magazine “Don’t Fall in Love with One Player: Behavioral Finance Lessons from the NFL Draft” by Lorie Konish. She explores how Richard H.
The Occupy Wall Street movement has focused our attention on brokers’ excessive salaries and bonuses. But an article in CFA Magazine suggests that there is a darker side to Wall Street. Sherree DeCovny writes that one out of every ten Wall Street employees is clinically psychopathic.
With all we read about wirehouse brokers moving to the more consumer-centric independent registered investment advisor (RIA) business model it is rare that these brokers publically share their rationale for doing so. While they certainly must address the issue with clients a strict code of silence generally protects the wirehouse from any bad press.
I recently read a piece by Jim Parker a Vice President at Dimensional Fund Advisors entitled “Hedge of Darkness.” Parker notes “Big money can be made from hedge funds.
“O woe is me to have seen what I have seen see what I see!” This quote from William Shakespeare’s Hamlet has particular relevance today as the prolonged uncertainty of the world’s financial markets has induced a kind of “end of the world” mentality. Many believe they are shouldering difficulties unprecedented in modern history.
Call it the middle-class squeeze. According to Paul Taylor executive vice president of the Pew Research Center income is shifting to the top tier of American households especially those in the top 5% who earn more than $181000 annually.