Archive for the ‘Wall Street’ Category

China's Sneeze - Our Cold

China’s Sneeze – Our Cold

By The Banker | Blog Posts, Texas, Wall Street

In real economic terms, and as the second-largest economic power in the world since 2005, China has been a global player for a few decades. In global financial market terms, however, China became interesting to the rest of the world for the first time this Summer. I use the word ‘interesting’ the way it’s meant [&hellip

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