February 2014

The World Watches America’s Earnings Parade

Some global macro deliciousness via my pal Eric Peters of the Peters Capital Group: “I’m the man,” said O, adjusting his cool blue tie, admiring himself, winking. “I’m the man,” his lip curled up into a presidential smile. “I’m the man.” And blowing a goodbye kiss into the mirror, spun on his heel, headed onstage….

Matt Yglesias on How Amazon “Gets Away With It”

I once characterized Amazon as a “charitable institution being run by elements of the investment community for the benefit of consumers.” Bezos took issue with this in a letter to shareholders. His argument is that Amazon isn’t a charity; it’s a business—a business whose strategy is to make its customers as happy as possible. And that, fundamentally, is…

The Last Chop Shops

The broker, nicknamed “The Platypus” for his splay-footed waddle and untucked shirts, turned to take a long look at a blonde woman walking by. By my reckoning, there are probably less than 20,000 registered reps still trying to carry the Belfort Banner into the second decade of the 21st Century and sell stocks over the…

Jason Zweig’s “Magic” Number for Retirement

I use the word “Magic” in the title here in quotes because knowing Jason as I do, the connotation of it – simple! presto! – would make him cringe. We built our wealth management practice around the idea of retirement and financial planning for families. Lots of people may initially come to us for asset…

This Week on TRB

(my new best friend) Here were the most read posts on TRB this week, in case you missed them: The Saddest Super Bowl Ever  Kiss of Death  Reflexivity Redux Games People Play: That 1929 Analogy Lured into “The Optimistic Unknown”