Archive for the ‘Blog Posts’ Category

Guest Post: Lars Kroijer on How Agnosticism Over Edge Can Earn You 7 Porsches

Guest Post: Lars Kroijer on How Agnosticism Over Edge Can Earn You 7 Porsches

By Lars Kroijer | Blog Posts, How Not To Invest, Investing, Personal Finance, Wall Street

Editor’s Note: Author and recovering hedge funder Lars Kroijer provided this guest-post, making the case that most of us would be better off acknowledging we do not have an edge over markets.  Most of us can’t consistently “beat the market,” but many of us pay a lot in fees to try. Please also see related [&hellip

College Savings v. Retirement Savings

College Savings v. Retirement Savings

By The Banker | Blog Posts, Personal Finance, Taxes

An astute reader pointed out some qualifications to my Friday post on 529 college savings accounts – specifically, reasons not to fund them.  The most compelling reason, coincidentally covered in the next day’s New York Times, is that funding your 529 accounts is not as important as funding your 401K retirement account. The New York [&hellip

College Savings and Compound Interest

College Savings and Compound Interest

By The Banker | Blog Posts, Personal Finance

My littlest one turned four years-old last weekend[1], and my eight year-old is taking a Texas-Public-Schools-3rd-Grade-State-Mandated-Standardized-Test this week[2], so you can probably guess what’s on this ex-banker’s mind: That’s right! Good guessing![3] Time is quickly running out for me to save money for their college tuition.[4] The only thing scarier than those scary scary clown [&hellip

Why The Wolf of Wall Street Is Total Crap

Why The Wolf of Wall Street Is Total Crap

By The Banker | Blog Posts

I have been harsh in the past about some things William D. Cohan has written about Wall Street, specifically in this review of his book about Goldman Sachs, and this view on Fabulous Fab’s criminal conviction for just doing his job as a CDO structurer. However, I really appreciated his Op-Ed in this weekend’s New [&hellip

Missing the point, over at the NYTimes

Missing the point, over at the NYTimes

By The Banker | Blog Posts, Inequality

James Stewart writes an interesting piece this morning on a 55 year old NYC attorney who recently declared bankruptcy, after earning in the $375-500K range for the past 20 years for a series of high-powered New York law firms. Stewart’s analysis is that: 1. Being a non-equity partner attorney is tough these days, and 2. [&hellip