Archive for the ‘Blog Posts’ Category

Options Trading Part I - NFW Edition

Options Trading Part I – NFW Edition

By The Banker | Blog Posts, How Not To Invest, Investing, Wall Street

This is a highly speculative trade, not an investment, so run away, retail investor! A friend in the finance-writing space sent me a query not long ago about the idea of “selling puts” as an appropriate and lucrative investment activity. Following my swift reply of “NFW[1],” she asked for an explanation. After all, a friend [&hellip

Currency Exchange Thoughts

Currency Exchange Thoughts

By The Banker | Blog Posts

Editor’s Note: A version of this column appeared in the San Antonio Express-News this morning. When we decided to move to San Antonio five years ago, my only condition to my wife was that we would travel as a family outside of Texas for some time during the worst Summer months. I had already encountered [&hellip

Like Visiting An Old Friend - Bad Debt Buying

Like Visiting An Old Friend – Bad Debt Buying

By The Banker | Blog Posts, How Not To Invest, Investing

In my pre-Bankers Anonymous days, one of my primary investing activities was purchasing charged-off consumer debt. If you have no idea what that means, I recommend reading this New York Times Magazine article from last weekend. Few people have written about this niche of the financial world. While Jake Halpern’s account is a bit sensationalistic [&hellip

Dan Loeb Comes To A Sleepy Town

Dan Loeb Comes To A Sleepy Town

By The Banker | Blog Posts, Wall Street

Editor’s note: A version of this post appeared in the San Antonio Express-News under my “So…Money” column, “Dan Loeb Is Not ‘San Antonio Nice’.” It’s probably hard for non-San Antonians to understand the importance of this one medium-sized company for the city’s image of itself. Rackspace is the darling of San Antonio’s business community, a [&hellip

You Want To See Something Really Scary?

You Want To See Something Really Scary?

By The Banker | Blog Posts, Investing

The headline is from The Twighlight Zone movie, from when I was about 10 years old. As for the rest of the movie after that first moment, I experienced it as an audio-only event. I just stared down at my feet, too freaked out to look up above the seat in front of me. I [&hellip