Let's take an investment proposition whose model is to pay a significant premium to current market rates for acquisitions, throw in lots of leverage, charge enormous fees, and which allows the investment manager to value a company using basically any … [Continue reading] about SO WARREN, WHAT DO YOU THINK OF PRIVATE EQUITY?
The 40th Anniversary of the Vanguard 500 Index Fund was over six months ago, yet the well-deserved accolades for John Bogle and the momentum of indexing continue to mount. Bloomberg estimates Vanguard has saved investors one trillion dollars. … [Continue reading] about WHAT BOGLE GIVETH, CEO’S TAKETH AWAY
While many people may think that the inauguration of Donald Trump was the end of America as we know it, the reality is there is a much more under-the-radar yet tangible change that spells doom for most Americans: the IPO of Snapchat, or Snap Inc. as … [Continue reading] about AS GOES SNAP IPO, SO GOES THE NATION
Because I spent the 1990's working on Wall Street, I'll always refer to Donald Trump as 'DJT.' This was the stock ticker of his casino holding company which went public in 1995. Had you purchased shares in the IPO, you would have been left with ten … [Continue reading] about FIVE UNUSUAL PREDICTIONS DURING THE REIGN OF DJT
Dragline: Why you got to go and say fifty eggs for? Why not thirty-five or thirty-nine? Luke: I thought it was a nice round number. Let's face it, at the heart of all the animosity over this year's presidential election, lies income … [Continue reading] about CARRIE TOLSTEDT IS WHAT’S WRONG WITH AMERICA