Archive for the ‘Wall Street’ Category

Interview with Mint.com - I Give ALL The Answers

Interview with Mint.com – I Give ALL The Answers

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

Finance website Mint.com asked me some good questions for their blog. You can visit them there or enjoy the repost below. As a former Wall Street insider, what do you think is the average person’s largest misconception about investing? The average person thinks that what Wall Street does is so complex that it requires extremely [&hellip

Sin and Profit

Sin and Profit

By The Banker | Blog Posts, Investing, Personal Finance, Wall Street

Jason Zwieg at the WSJ provides interesting data today on the relative returns of ‘socially irresponsible investing’ (my own phrase). I recently wrote that I could not recommend to a friend any ‘socially responsible’ mutual fund. My reasons: 1. Funds like this tend to have relatively high costs (especially compared to index funds, which I [&hellip

Not A Fan Of Socially Responsible Funds

Not A Fan Of Socially Responsible Funds

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

A version of this post ran in the San Antonio Express News. I want to be wealthier. I also want to be a good person. A friend – someone who also wants these two things – recently asked if I could recommend a good, reasonable-cost, ‘socially responsible’ mutual fund. My answer: Nope. I can’t. Now, [&hellip

Ask an Ex-Banker: Algorithmic Trading

Ask an Ex-Banker: Algorithmic Trading

By The Banker | Ask an Ex-Banker, Blog Posts, How Not To Invest, Investing, Personal Finance, Texas, Wall Street

A version of this post appeared in the San Antonio Express News Dear Mike, I spotted something on algorithmic trading on your blog, and finance and investment are a bit of a hobby of mine. I am sending you a press release about a Canadian trader who has worked out a successful trading technique based [&hellip

Book Review: Flash Boys: Not So Fast by Pete Kovac

Book Review: Flash Boys: Not So Fast by Pete Kovac

By The Banker | Book Reviews, Investing, Wall Street

Peter Kovac wrote Flash Boys: Not So Fast, as a point-by-point refutation of the major premises of Michael Lewis’ Flash Boys. At the end of Kovac’s book – well actually, after just the first few pages – you’re left with the strong impression that Lewis wrote a tale built on speculation about a dramatic – [&hellip