Lehman Brothers

7 Terms That Should Never Be Used To Describe A Finance Pro

A successful career on Wall Street is as much about the failures as it is about the wins.  Anyone who tells you differently is either hiding their past mistakes or is about to experience their own epic collapse, made even worse by the fact that it will be wholly unexpected to them. This is good…

Hot Links: Brazil's Tax, Heroin & the Upside Crash

Stuff I’m Reading this Morning… Dick Bove has a word of caution for those looking to become analysts.  (Dealbreaker) Look out! Brazil is imposing a “foreign investor” tax.  (Clusterstock) Lindzon’s calling this phase of the rally an “Upside Crash”.  (HowardLindzon) The race to save Lehman: an excerpt from Sorkin’s new monster book.  (NYT) Economists see…

Hot Links: Megan Fox & The Siren Song of the Bears

Hot Links for Weekend Reading… David Merkel on ignoring the siren song of bearishness in a bull market.  (AlephBlog) The big BIG winners of 2009: Stocks that are up 400% plus:  (Bespoke) Bonus/ compensation discussions will be prominent at the G-20 meeting next week.  (Bloomberg) Peter Schiff: Letting Lehman go was one of the only…

Lapping the Crisis Quarter Makes For Pretty Headlines

As I’ve just thoroughly enjoyed the opening weekend games of the NFL, I thought I’d start with a football analogy to make my case. Here is a bizarre but true factoid that exemplifies the drawing of flawed conclusions based purely on logic: If the Detroit Lions win a single game in the 2009 season, their…

One Year After Lehman: We Don't Love These Bros.

No one misses Lehman Brothers. Yeah, I said it. On September 15th 2008, the investment bank filed for bankruptcy after 6 months of protestations by Dick Fuld, Erin Callan and the rest of the brain trust that all was well at 745 Seventh Avenue in Times Square. Enough has and will be written about the…

The Bankrupt Stock Casino Stays Open

Oooh, Superfly You’re gonna make your fortune by and by But if you lose, don’t ask no questions why The only game you know is Do or Die -from Superfly by Curtis Mayfield   I got a call the other day from a friend of mine looking to buy shares of bankrupt Lehman Brothers, which…

Hot Links: Stiglitz, Whitney, Durden & Mussolini

Hot Links for Weekend Reading… Someone tipped off the Post as to who Tyler Durden is.  Typical attempt to attack the messenger, not the message.  (NYP) Here’s the Zero Hedge response:  (ZeroHedge) What would Mussolini do to fix Italy’s economy?  (LOLFed) My heart is breaking for the slightly less rich Hamptons crowd of the Summer…

Breakfast Links: Trader Mark, Judd Apatow and the Cankle Epidemic

Stuff I’m Reading this Morning… The NYSE applies the old “Grandmother Rule” in it’s barring of a bad broker.  (SEC Teaparty) Javier Bardem is out as the villain of the Wall Street sequel.  Check out the comments section on Dealbreaker for some of the most hilarious replacement suggestions imaginable.  (Dealbreaker) So far, a monstrous comeback…

Cam'ron's "I Hate My Job" – The Hip Hop Recession Anthem

[vodpod id=Groupvideo.2728662&w=425&h=350&fv=] The Hip Hop genre of music is known for many of it’s more negative idiosyncrasies, but one of it’s more positive aspects is how aspirational the artists are.  The top MCs in the game have historically been those who’ve emphasized their hustle. Hip Hop music has basically become the official soundtrack for those…