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…
Lehman Brothers
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…
The Fearsome Foursome Hits the Links
Dear Kenny, Glad you could make it out with us today. Don’t worry about your scores on this round, you’ll have plenty of time to improve! CUL8R, Stan the Man
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…
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…
The Shareholder Bill of Rights: Better Late than Never
I’ll start off here with a caveat…I know that Chuck Schumer is pushing this bill because of the populist impression it gives, keeping in mind that some of his biggest fundraisers over the years have been pro-corporate entrenchment and traditional Wall Street interests. I also know that this is the type of after-the-fall legislation that…
