Wall Street: “We’re No Brain Surgeons”

“But We Make More Money” Here’s something to consider the next time that trader yells in a throaty voice, “Five million Buckeye 5 7/8’s of ’47 to go at six.” Traders earn more money than neurosurgeons. So do I-bankers....

Top Ten Reasons Facebook May Not Be Worth $50 Billion

1. Lemming portfolio theory. The consensus is always wrong. Facebook is a media love orgy right now. 2. Private valuations are opinion, not science. A few years ago the Winklevoss twins used Microsoft’s $15 billion valuation to settle their lawsuit. Meanwhile,...

Wiki-Valuations: The Inside Skinny on $50 BN for Facebook

Leave it to the Internet. Goldman Sachs just awarded a $50 billion valuation to Facebook. And in a shrewd branding maneuver, the storied financial behemoth is offering its high-net-worth clients the option to co-invest in the world’s leading social media site....

Have You Heard the Dow Piano?

CNN Money turned the Dow’s 2010 performance into piano music. It’s not Billy Joel. (I guess someone didn’t care for college bowl games over the New Year’s break.) But it’s worth a listen. Click on the picture below to hear the sweet sound...

Have You Heard the Dow Piano?

CNN Money turned the Dow's 2010 performance into piano music. It's not Billy Joel. (I guess someone didn't care for college bowl games over the New Year's break.) But it's worth a listen. Click on the picture below to hear the sweet sound of rising...

What is High-Frequency Trading?

Remember the quote “time is money”? According to The New York Times, that game is over. Kaput. Now it’s “speed is money.” In an article entitled, The New Speed of Money, Reshaping Markets, Graham Bowley of NYT writes: In many of the...