Money and Finance
Why Wall Street Can't Handle the Truth
Over the past 12 years, longtime banking analyst Mike Mayo has issued numerous calls to sell bank stocks, a rarity in a system where nearly all stocks are rated buy or hold. His negative ratings have frequently gotten him in trouble with banks, clients and his own bosses, who didn't want to alienate those companies. In this excerpt from his new book, "Exile on Wall Street," Mr. Mayo gives an inside view of the fights, the scolding and the threatening phone calls he received as a result of yelling "sell"—and offers a proposal to fix the banking sector.
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Related book: Exile on Wall Street
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Bill Gates's (and Warren Buffett's) Favorite Business Book
The book is Business Adventures: Twelve Classic Tales from the World of Wall Street. Link to article: Bill Gates's Favorite Business Book Not long after I first met Warren Buffett back in 1991, I asked him to recommend his favorite book about...
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Hedge Fund’s Wild Side: The Man Who Lost $8 Billion
Wall Street's biggest disaster was largely due to high-risk deals by one 32-year-old, who lived large and bet crazy ………………. Related book: Hedge Hogs: The Cowboy Traders Behind Wall Street's Largest Hedge Fund Disaster
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Nassim Taleb On Wall Street Protest, Banking (video)
Found via Simoleon Sense. Oct. 18 (Bloomberg) -- Nassim Taleb, author of "The Black Swan" and a New York University professor, discusses the "Occupy Wall Street" protest and his view of the global banking system. Taleb, speaking with Erik Schatzker on...
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Learning From Michael Burry
Tariq at the Street Capitalist blog had a great post on learning from Michael Burry. Excerpt from Tariq’s post: Later, he cites the Rediscovered Benjamin Graham book’s material in order to argue that going long value stocks may not be enough if we...
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The Perils Of The “mindless Imitation Of One’s Peers”
Mr. Buffett made some comments when speaking to a group from Notre Dame in 1991 that are relevant to what's going on today:-The last thing I want to show you, before we get onto your questions, is an ad that was run June 16, 1969, for 1,000,000 shares...
Money and Finance