Wheels: Fast(est) Market
Article :
May 2008
The exotic-car arena is chock full of dubious propositions. But there’s only one “world’s fastest,” and that’s the new, revolutionary 256-mph SSC Ultimate Aero. We took it out for a (very) quick spin. Our takeaway.
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Luck in Business & Trading
Posting :
Raymond Lee
:
05/07/2008
Self-made billionaires in The Forbes 400 readily attribute their success to luck...
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Risk And All The Money In The World
Posting :
Raymond Lee
:
05/01/2008
Traders looking for social proof from other industries for confirmation about the wisdom of taking risk that are only a small percentage of their account balance can...
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A Head Rolls In Paris
Article :
April 2008
Remember how Société Générale’s CEO Daniel Bouton offered his resignation just after the news broke of the bank’s so-called rogue trader Jerome Kerviel and his billions of losses? – And the board rejected it? Well, on second thought, they’d like to take that back...
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Speed Dialer & And They Feel Fine
Article :
April/May 2008
Porsche’s sleek new cellphone is a trader’s in-the-money call.
After a difficult decade, R.E.M. Inc. is a blue-chip once more.
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Fast(est) Market
Article :
April/May 2008
The exotic-car arena is chock full of dubious propositions. But there’s only one “world’s fastest,” and that’s the new, revolutionary 256-mph SSC Ultimate Aero. We took it out for a (very) quick spin.
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Contrarian: Money Trail
Article :
March 2008
How Westwood Capital's Dan Alpert is working with overextended homeowners to profit from the mortgage mess.
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Buffett Beats Gates
Article :
March 2008
While 2007 did not turn out well for many (er, that is to say just about anyone) it was a very good year for Warren Buffett, who watched his fortunes climb $10 billion to – oh, just trust us, here; a lot. Since Mexican telecom tycoon Carlos Slim again nabbed the No. 2 spot, guess where that leaves ol’ Bill after a 13-year run in the top spot?
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For Dedicated Yahoos Only
Article :
February 2008
Translating a Yahoo CEO e-missive may be a fool’s errand for the average person, but our august and hallowed friends over at Long or Short Capital have been kind enough to apply their proprietary translation algorithm to a letter from Jerry Yang. Here’s the before and after.
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This Week In Wall Street History: February 11th-17th
Posting :
This Week in Wall Street History
:
02/11/2008
Responding to a groundswell of public outcry against Big Business behemoths, President Theodore Roosevelt enacted the Expedition Act to toughen up ineffectual federal anti-trust curbs, this week on February 11, 1903.
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Dollar’s Fortunes Bound To Turn?
Article :
February 2008
Why the world’s top currency traders are now saying Big Ben Bernanke's decision to lower interest rates 1.25 percentage points last month will end the dollar's two-year swoon.
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Get Super Bowl Tickets On The Cheap
Article :
January 2008
Despite this week’s volatile markets, we can definitively say that feel-good trading stories aren’t necessarily cyclical things: Giants fan Terence Gelke scored himself six Super Bowl tickets worth roughly $50K after betting $1,000 on sports ticket exchange yoonew.com. Here’s how he did it.
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Feel-good Trading Story of the Week
Article :
January 2008
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China’s Tipping Point
Article :
January 2008
With the U.S. first leading the demand for oil, then the war in Iraq, and now a global economic slowdown, China is realizing it may not want to tie its fortunes so heavily to overseas trade anymore and focus instead on its own domestic development. As the nation reports a second year of growth above 11% today, it looks as though it may soon shift its priorities from curbing economic expansion to sustaining momentum. Really, can you blame them?
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Ready For Your Citi-Merrill News Detox Yet?
Article :
January 2008
We are. But apparently nobody else is, as the media rabidly highlights CEO quotes from the Citigroup conference call yesterday as if such things were imminently going out of style (they’re not, btw) and trumpets $19.1 billion of capital infusions into both Citi and Merrill, courtesy of the ever-helpful sovereign wealth funds. So, does anyone have anything new to say about any of this today? Of course not. But they’re going to hash through the greatest hits, anyway. We would, however, like to point out one underappreciated fact: anyone else notice that banks aren’t having the slightest bit of trouble raising their gobs of cash? In fact, according to this story, the deep-pocketed sponsors are scrambling to bang down THEIR door.
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Head Butler - Books - "Rubicon: The Last Years of the Roman Republic" by Tom Holland
Posting :
Jesse Kornbluth
:
01/04/2008
Is America Rome?
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Hedgies’ One-Up
Article :
December 2007
In a bizarre reversal of conventional risk-management fortunes, hedge funds are now drilling down into their portfolios to assess their exposure to – you guessed it – top banks that engineered this eight-headed hydra that is the subrime catastrophe. Why fears are boiling over that huge bulge-bracket defaults may soon crop up.
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Tunes: Encyclopedia Britannica
Article :
November 2007
Here we unearth another U.K.-themed box set of British bands sure to bring out the passive investor in you.
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Secrets Of The ‘Turtles’
Article :
November 2007
A famous 1980s trading experiment spawned legions of disciples known as “turtles,” including some highly successful commodities managers. But that’s only half the story. How the author of a new book on the complete turtle trader digs deep into the mythology to uncover the real story behind the Wall Street legend.
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"Revival" by John Fogerty
Posting :
Jesse Kornbluth
:
11/16/2007
What I got: 50 people had been invited to hear John Fogerty give a mini-concert to promote the launch of "Revival". And I was one of them. In the front row, no less.
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Shell Shock
Article :
November 2007
A famous 1980s trading experiment spawned legions of disciples known as “turtles,” including some highly successful commodities managers. but that’s only half the story. the author of the new book the complete turtle trader digs deep into the mythology to uncover the real story behind a wall street legend.
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Encyclopedia Britannica
Article :
November 2007
British bands are back in yet another U.K.-themed box set sure to bring out the passive investor in you .
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Goldman’s Gravy Train
Article :
November 2007
So, exactly how much have the G-men set aside to compensate their ranks this year? Let’s just say it is more than enough to buy out another one of the world’s biggest investment banks, lock, stock and barrel. But don’t listen to our palaver – check out the cold, hard numbers for yourself.
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Apropos Of Nothing…
Article :
October 2007
Except our devout love of video games, which, to our way of thinking, is always apropos. (Besides, what else to do when not writing Trader Daily?) This holiday season’s video-game battle boils down to one time-honored question: who can rock out the most?
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Steamed Up Over Sallie
Article :
October 2007
While the legal battle rages on between Sallie Mae and a J.C. Flowers-led consortium over plans for Sallie’s $25 billion buyout, heated arguments among Sallie investors, beneficiaries and haters boil over online. We dare say some of these remarks even look to be personal attacks between perfect strangers. We had no idea that student loans got so many people’s panties in a bunch. Some choice salvos.
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America’s Richest 1%
Article :
October 2007
…Earned 21.2% of the nation’s wealth in 2005, according today’s rich-obsessed survey, marking a new post-war record. (Wow, big shocker there.) But guess what percentage the bottom 50% earned? Now that number really is kind of scary.
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Tunes: Vee-Jay
Article :
October 2007
An influential record label gets a much-deserved second look, unearthing some of the best blues, pop, doo-wop and jazz of the past century. Read on for how a single collection of music can redeem your utter ignorance of anything pre-Jesus Jones.
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Hollywood Ending
Article :
October 2007
A decade ago, a Wall Street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. They had capital, ambition, securities-industry savvy and an American public captivated by money and celebrity. So whatever became of the Hollywood Stock Exchange?
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Hollywood Ending
Article :
October 2007
A decade ago, a Wall Street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. They had capital, ambition, securities-industry savvy and an American public captivated by money and celebrity. So whatever became of the Hollywood Stock Exchange?
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Vee-Jay
Article :
October 2007
An influential record label gets a much-deserved second look.
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The Richest Of The Rich
Article :
September 2007
The first rule of the Forbes 400 list is that you need to haul in more than a billion a year to be even be considered for it. The second rule is that if you're into managing money you may have just cracked the list for the first time. Read on for who made the grade – and who didn't.
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Under The Gun: Ratings Agencies
Article :
September 2007
All the juicy details on whether U.S. regulators may end up taking the big-name credit-ratings agencies out to the woodshed.
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Tunes: Door Jams
Article :
September 2007
A new live set offers Jim Morrison drunk, disorderly, and disintegrating.
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Premium Stock
Article :
September 2007
Mexico’s most celebrated spirit has come a long way since that
trip to Tijuana that you don’t remember.
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Door Jams
Article :
September 2007
A new live set offers Jim Morrison drunk, disorderly, and disintegrating.
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A Big Donation
Article :
July 2007
Sir Tom Hunter is getting a generous award.
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Friday Levity: The Golden Ass
Article :
June 2007
There’s nothing nicer than roasting a guy who’s worth sooo much more than you, is there, Daniel Gross? If that’s your standard, though, we figure you’ll have a whole lot more writing to do before you lay down that poison pen.
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Coolest Trade Ever: Livermore’s Cotton
Article :
June 2007
How Woodrow Wilson picked apart the boldest ag trade of all time.
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Tunes: Their Generation
Article :
June 2007
Revisiting the original rock festival, four decades on.
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Kuwait's Cold Shoulder
Article :
May 2007
With Kuwait moving to decouple its currency from the flagging U.S. dollar, all eyes are on the other nations that have pegged their currency for years to the greenback. What they do next could have far-reaching implications.
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Friday Levity: Dusting Off Obscure Economic Indicators
Article :
May 2007
Does the dollar fall commensurate with our hating the president? There are people in this world who actually keep track of this.
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Tunes: English Lessons
Article :
April 2007
Recapture the scintillating sounds of ’60s London in one slim little box.
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Advising Wall Street’s New Money
Article :
April 2007
In the hush-hush world of hedge funds and private equity, it is no secret that its top traders and deal makers have made huge fortunes. Less well known, however, is that these new kings of Wall Street are seeking compensation advice to handle their new money.
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Meditation Man
Article :
June/July 2007
How Matthew Schojam traded his long positions for the lotus position and equities for inner peace.
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Livermore's Cotton Club
Article :
June/July 2007
How Woodrow Wilson picked apart the boldest ag trade of all time.
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Apple TV Is No Big Thrill
Article :
March 2007
The folks at PC World have a go at Apple TV, Apple's new streaming media device. They aren't impressed.
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Iron Man
Article :
April/May 2007
He’s the Cal Ripken of commodities, a walking testament to the sheer joy of trading. Going long with Artie Reinhardt
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Hedge Fund Loses $3 Billion Amidst Energy Downturn
Article :
September 2006
Nine-billion-dollar hedge fund Amaranth Advisors told investors yesterday that it had lost $3 billion during the recent drop in energy prices
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