Back in 2008 when the market was in the sewer, Warren Buffett wrote a piece laying out the case for buying American stocks called, “Buy American. I Am.” Now that the market seems to be going nowhere but up, an analyst has posted the exact opposite case for stocks on SumZero, a networking site for […]
For every job opening on Wall Street, there can be hundreds of highly qualified candidates vying for the position. Just last year, Goldman Sachs CEO Lloyd Blankfein said that more than 300,000 people applied for available full-time positions at the firm in 2010 and 2011. The bank hired fewer than four percent of those applicants. The CEO […]
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. The Recent Stock Market Rally Is ‘Causing Some Indicators To Flash Yellow’ (Advisor Perspectives) BlackRock‘s Russ Koesterich writes that despite the recent rally in U.S. stocks, investors should be cautious. “While there’s still lots of money […]
The annual Forbes’ “World’s Billionaires List” is out. Every year, the list is full of the biggest names in the hedge fund industry. This year, there are some newcomers to the list including, Bill Ackman (Pershing Square), Seth Klarman (Baupost Group) and Andreas Halvorsen (“Tiger Cub”/Viking Global). We’ve included a round up of the world’s richest […]
During a webcast on December 11, bond god Jeff Gundlach unveiled his latest hot trade: short the yen and buy the Japan’s Nikkei. Japan’s new leaders have committed to pursue aggressive monetary policy to stimulate the economy. Gundlach believes the means currency debasement. He also believes it means inflation, which is good for stocks And […]
Sheryl Sandberg launched her global book tour tonight in New York City. New York Mayor Mike Bloomberg and Arianna Huffington threw Sheryl a big bash. And they were kind enough to invite me. I thought the party was at Mayor Bloomberg’s house. And to get to Mayor Bloomberg’s house, you get on the subway and […]
Big box stores are dying. JCPenney, Sears, Best Buy, and more are shuttering stores and recasting their strategies. “They were hit by a perfect storm of competition from the Internet and supermarkets,” Steve Brazier, CEO of market research firm Canalys, said in a report last year. Even mighty Wal-Mart, once indispensable, recently admitted that sales […]
Since 2011, Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) has been taking a lot of heat for his controversial call that the U.S. economy would fall into a recession. In an apperence with Bloomberg‘s Tom Keene last November, Achuthan clarified that based on the four official recession indicators considered by the NBER - […]
Right now the Drudge Report is linking to a bombshell survey that finds 1 in 10 Yale students say they have been paid for sex. The link goes to a College Fix story that reports on a survey of students, but that link appears to have gone down after traffic from Drudge. However, a Yale […]
Every year, investors look forward Warren Buffett‘s Berkshire Hathaway annual report, and it’s not because they love analyzing the holding companies expenses. The report is valuable because it comes with a letter from the Oracle of Omaha discussing his thoughts on markets, investing, finance and more. So to get you ready for this year’s letter, […]