Insider Trading: ‘Tis the Season

After returning from three strip malls, Phoebe Jenkins kicked off her shoes first thing. Right there in front of the kitchen sink. She was exhausted from the holiday crowds—all the pushing and shoving, the occasional hip check or two. Her swollen dogs were...

It’s Thanksgiving, But . . .

Why All The Beef? Wall Street has this great culture of goofy bets. There's always money involved. But money, unless the amount is just plain sick, is not what draws the crowd. Wagers gain notoriety when they involve endurance or the specter of public...

Do Things Really Go Better With Coke?

Prices at art auctions are recovering. And some say, this trend is a harbinger of good things for a broad economic recovery. But there's one thing I want to know. At $35.36 million, do things really go better with Coke? Check out this video from...

Return of the Flash Crash

Did you see the 60 Minutes exposé on speed trading? I've embedded the video, which explains how high-frequency trading works. It sheds light on the May 6 flash crash—why the Dow dropped nearly 700 points in twenty minutes. It's only a matter of...

The Mulligans of Hedgistan

With the Dow trading over 10,700 again, the crisis of 2008 is growing long of tooth. Investors are growing short of memory. And many hedgies, who shuttered their funds due to performance, are making a comeback. Here's an example of what the The New York Times...