Talking Heads: Can We Trust Our Finance Gurus?

Here’s another one for my reading list: The Zeroes by Randall Lane. I discovered the book yesterday while reading his post on The Daily Beast. In case you missed it, here’s a snippet of what he had to say about Jim Cramer’s endorsement of Lenny...

Madoff: “Screw the Victims”

I just returned from Nino’s in Manhattan, where the authors of The Club No One Wanted to Join gathered to discuss their book. They are a group of twenty-nine investors in Madoff’s Ponzi scheme. Their book describes the change in their lives since the...

Morgan Stanley and Dead Presidents

U.S. Probes Morgan Stanley The news is out. US prosecutors are investigating several Morgan Stanley CDOs. Like the Abacus inquiry at Goldman Sachs, the issue is what representations Morgan Stanley made to clients. How did the bank market those Weapons of Money...

Do You Want This Guy Managing Your Money?

The Huffington Post posted this video of a trader freaking out last Thursday. If you haven’t seen this video yet, spend a few minutes on this one. “We call this a capitulation.” Yikes. Norb Vonnegut

How’s It Feel To Trade 1,000 Points Down?

Last Thursday the Dow lost almost 1,000 points in less than ten minutes. Then, the markets rebounded something fierce. Here’s a guy calling action in the pits. Watch the right corner of the screen as the market slumps: May 6, 2010 S&P Call: Ben Lichtenstein...