Archive for the ‘Wall Street’ Category

In Defense of John Paulson

In Defense of John Paulson

By The Banker | Blog Posts, Wall Street

I feel like there are lessons about philanthropy in John Paulson’s $400 million gift to Harvard that I haven’t seen explained yet. I don’t know John Paulson (maybe that’s already obvious?) but I feel like I know a little bit about how he thinks, having worked with, for, and as a mortgage bond professional, and [&hellip

Are Stocks Like A Casino? No. But YES!

Are Stocks Like A Casino? No. But YES!

By The Banker | Blog Posts, Investing, Wall Street

I hate money. Apparently the feeling is mutual. I know this because I am writing this from a hotel room near the Golden Nugget in downtown Las Vegas, following a typical encounter between a poker table and me. Here’s how this usually goes, and also how it went again today: I sit down, feeling relaxed [&hellip

Audio Interview with Wendy Kowalik, Part I - On Fees

Audio Interview with Wendy Kowalik, Part I – On Fees

By The Banker | Audio Posts, Investing, Personal Finance, Texas, Wall Street

Here’s Part I of my interview with an investment consultant who charges advisory fees in an unusually (admirably!) transparent way. In Parts II and III to follow Wendy and I discuss the uses of insurance, the psychology of savings, and how to get rich slow. You can read the transcript but as always I recommend [&hellip

Lord Of The Rates Part II - 'Printing Money'

Lord Of The Rates Part II – ‘Printing Money’

By The Banker | Blog Posts, Wall Street

Please see related posts: Lord of the Rates Part I – One Rate To Rule Them All, and Part III and Part IV. Interest rates in the US are going up soon (maybe September? maybe June?), so what will that do to the money supply? As the ancient text translated from Isildur bane says: Three rates for [&hellip

Lord of the Rates, Part I - The One Rate To Rule Them All

Lord of the Rates, Part I – The One Rate To Rule Them All

By The Banker | Blog Posts, Texas, Wall Street

Our present Phenomenally Low Interest Rate Era slips quietly into the next. Interest rates will rise very, very, soon. We sense the change, but wonder, what does this mean? For many here in Middle Earth, interest rates remain mysterious. Fortunately, I found an ancient scroll during my sojourns in the Eastern Lands. Many nights, like [&hellip