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,...
Are Merger Arbitrage Trading Strategies Really Arbitrage?
Arbitrage is a term that gets thrown around a lot on Wall Street. In its purest form, arbitrage takes advantage of the discrepancy in...
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...
8 Reasons Why You Should Not Trade
Every physician investor has at one time or another considered trying their hand at trading. Maybe their friends work on Wall Street, or they...
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...
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...
How To Buy A Mutual Fund At Fidelity (With Screenshots)
Investing can be overwhelming for many new investors.
With so much money on the line, they're worried that might make a mistake with even the...
Predicting The Future: The Wisdom Of Betting Markets
What's the stock market going to do in the next year?
This question is asked by millions of investors, both professional and amateur, every day.
Many...
How To Turn $122K into $88K
The illusion of competence is an amazing brain function. I tend to think of myself as a financial genius. After all, I have raised...
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...