Some of America’s most powerful bankers (like Morgan Stanley’s CEO James Gorman) and politicians (like New York Mayor Michael Bloomberg) have come to Goldman Sach’s defense in the wake of a scathing resignation letter from a longtime employee (published in the New York Times last week).
Wall Street analysts at major brokerages have a lot of power when it comes to the stock market. Millions of people closely follow and believe their predictions of what they think a stock or market should be worth.
Andrew Gordon warns to expect more bumps on the road to recovery.
You’ve probably heard the expression “When a butterfly flaps its wings, it can cause a hurricane to form halfway around the world.” That simple little saying suggests just how unpredictably complex a system can be. But it’s not just our weather that can be described as complex. Virtually every system in the world can be described in the same way.
“’If you’re a smart Ph.D. from MIT, you’d never go to Wall Street now. You’d go to Silicon Valley. There’s at least a prospect for a huge gain.” – A hedge-fund executive This time it’s different on Wall Street. Before, when times got tough, laid-off bankers could jump ship to the hedge
Why is Gingrich promising the Canadians to approve their pipeline during a Tampa, Florida campaign stop?Because the pipeline paints the President as more concerned more about environmental politics than creating jobs.
What if everything professional investors thought they knew about risk was completely wrong? Or what if the way that hundreds of billions of dollars are structured in hedge funds was totally off base? And what if this simple misunderstanding was actually exposing us to a potential meltdown that could wipe out
I’m a stock picker and a firm believer that there are better and worse companies populating the S&P 500 and that if you have a clue as to which is which, you’re going to do much better than investors who rely on ETFs. Laszlo Birinyi, head of Birinyi Associates, the widely respected
