Archive for the ‘Wall Street’ 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

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

The Davis Discipline - A Good Book and An Amazing Life

The Davis Discipline – A Good Book and An Amazing Life

By The Banker | Blog Posts, Book Reviews, Personal Finance, Wall Street

If you haven’t heard of Shelby M.C. Davis – and relatively few people have because he’s a very private person – you’re missing the story of one of the world’s great investing families, as well as one of the world’s most generous philanthropists. He’s an all-timer. The Davis Discipline: Fifty Years of Successful Investing On [&hellip

They're BAAAAACK: The CIT Takeover of OneWest Bank

They’re BAAAAACK: The CIT Takeover of OneWest Bank

By The Banker | Blog Posts, Wall Street

Wow. I mean. Just, wow. You gotta love these guys. Two phrases came to mind when I read the headline today about CIT Group taking over OneWest Bank. First: “History does not repeat itself, but it certainly does rhyme.” And Second: “Madness consists of doing the same thing over and over again and expecting a [&hellip

Batman strikes - Some Thoughts on Short Sellers

Batman strikes – Some Thoughts on Short Sellers

By The Banker | Blog Posts, Investing, Wall Street

In the bad old days of the 2008 Crisis, a casual reader of the financial news might have been fooled into thinking that “short-sellers,” those financial firms that bet on the price of some financial instrument (like a stock, or bond, or currency, or commodity) going down, rather than up, ranked on the financial attractiveness scale somewhere [&hellip