Rolling Stone’s Matt Taibbi Looks at the Sins of Goldman Sachs…
THE FIRST THING YOU NEED TO KNOW about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent, financial crisis, which doubles as a history of the rapid decline and fall of the suddenly...
Read MoreGM Shares are Worthless, So Why Are People Still Buying Them?
GM Shares (those of the old GM) rose 37.40% today. What the heck is wrong with the people buying them? THE SHARES ARE WORTHLESS (or soon will be). Even GM’s managment has stated this in pretty much no uncertain terms. I’d say this is the ultimate implementation of the Greater Fool Theory, where someone buys something that is spectacularly overvalued because he believes he will be able...
Read MoreRich Dad, Poor Dad Author Robert Kiyosaki has a New Book…
You may have heard of the Rich Dad, Poor Dad series of books as they were quite popular a few years ago. I have four books from the series myself and enjoy reading them — although they are more “big-picture” oriented and leave out most of the implementation details (which, at the end of the day, are very important). Still, they cover some very useful information. Well, Kiyosaki...
Read MoreMisers and Spendthrifts and Debt, Oh My!
Misers are as bad as spendthrifts. As Dante wrote in his Divine Comedy, “More shades were here than anywhere above, and from both sides, to the sounds of their own screams, straining their chests, they rolled enormous weights. And when they met and clashed against each other they turned to push the other way, one side screaming, ‘Why hoard?,’ the other side, ‘Why...
Read MoreHow to Invest in the Stock Market…
I’m not sure where I first saw this story, but it really does apply to investing in the stock market… “Once upon a time there was a little tree. He sat in the soil and danced in the wind. And he looked around and saw the other trees. ‘Man, they sure look taller than me,’ said the little tree. ‘Probably it’s the soil,’ he mumbled. So he lifted up his...
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