I referenced Joe Nocera last week - he's the NY Times columnist I mentioned in What's Next for the Capital Markets for his objective observations. This week, however, he seems to have moved from "This Bailout is like a Hail Mary pass" to "We really need something, anything - NOW!.…
Today's NY Times carried a refreshing article about the typically dark humor that usually accompanies difficult times. and this time on Wall Street. You can also visit the front page of this site to see the video that Warren Buffett played at his annual shareholder's meeting to help explain the…
I wrote several columns in December last year, With Wall St. as Sideshow, Performance is Best Salary Guide, discussed the extraordinary exit strategies for Wall St. executives whose performance was dismal. In Even the Giants Don't Plan for Executive Succession, I commented further on unbridled executive pay in the context…
Recently, an erudite friend of mine referred me to the provocative article by Nicholas Carr in the Atlantic Monthly, Is Google Making Us Stupid?Since both of us are avid readers, it was probative of our ability to continue to read thoughtfully despite the increasing intrusion of cryptic data bytes in…
It's anybody's guess. After spending several hours pouring through the Wall St. Journal and New York Times, Saturday editions, it's as clear as quicksand. On one hand, the proposed Federal program may offer a more stable platform to restore confidence and to allow financial institutions to rebuild their balance sheets.…
The word "greed" has been tossed around this week like an ingot of hot ore. As I suggested in a recent post, the term can be applied equally to members of Wall Street and Main Street. There's plenty to go around. One striking example to me is the stupendous growth…
Many of you have written or called for an explanation of a short sale. Like most financial and trading concepts, there are simple explanations but the application of the concept is most often used in much more sophisticated and complex transactions. Follow this link to the Investopedia from Forbes guides…
