The Dream Team Loses Big: The Fall of Long-Term Capital Management (Wall Street Profiles)
In this fifth installment of the Wall Street Profiles series, we look at the infamous Long-Term Capital Management (LTCM) hedge fund. It's been almost...
The Hard Right Edge And A Market Timing Strategy Gone Awry
There is such an allure to looking at stock charts. The price jumps up and down, and our tendency to try to make patterns...
The Bull Market Is Over (Or Is It?)
The stock market has had a breathtaking run over the past eight years. Since its low point in March 2009, when the S&P 500...
Why Jim Cramer Is Wrong About Doing Your Homework
When I worked on Wall Street, CNBC played on the TVs around the trading floor. Most of the traders were gone by 5:30 pm,...
Wall Street Profiles: Raj Rajaratnam, Galleon Group
In this fourth installment of my Wall Street Profiles series, I profile Raj Rajaratnam, the billionaire hedge fund manager at Galleon Group who was...
Wall Street Profiles: Carl Icahn
In this third installment of my recurring series on famous Wall Street investors (I have previously written about Jim Simons of Renaissance Technologies and...
Picking Stocks Is Like Being an NFL or MLB GM
I love sports. I suspect many of you do as well. I enjoy watching, reading, and talking sports.
In sports, you can't win without...
Wall Street Profiles: Bill Miller, Legg Mason Value Trust
In this second installment of my recurring series on famous Wall Street investors, I profile Bill Miller, the former manager of the Legg Mason...
How Wall Street Is Like A Game of High-Stakes Poker
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I love a good game of poker. I fondly remember the evening poker games I played in college. I even went to the local...
The Warren Buffett Bet: S&P 500 versus Hedge Funds
In 2007, Warren Buffett made a $1,000,000 bet with the hedge fund manager Protege Partners that the S&P 500 would perform better than a...