Stockbrokers
With the market showing some signs of life and stockbrokers clambering out of their hibernation to tout how brilliant things are I thought it might be time for a cautionary cartoon for those seeking the counsel of others.
Steven A Cohen
Cohen is the founder of SAC Capital Advisors a hedge fund that manages about $14 billion. Cohen is considered to be a very canny and aggressive trader who seems to trade a multitude of time frames. Lately however, his firm has come under scrutiny from the SEC regarding possible insider trading. As with all things…
DetailsWell There Ya Go……
The Observer‘s panel of stock-picking professionals has been undone in our 2012 investment challenge by a ginger feline called Orlando who spent time paw-ing over the FT. The Observer portfolio challenge pitted professionals Justin Urquhart Stewart of wealth managers Seven Investment Management, Paul Kavanagh of stockbrokers Killick & Co, and Schroders fund manager Andy Brough against students from…
DetailsLying Bastards
Rolling Stone…..Even worse was the incredible episode in which bailout recipient AIG paid more than $1 million each to 73 employees of AIG Financial Products, the tiny unit widely blamed for having destroyed the insurance giant (and perhaps even triggered the whole crisis) with its reckless issuance of nearly half a trillion dollars in toxic…
DetailsTime For Some Outsourcing
Somebody read this and tell me what the hell I am supposed to do with it
One Of These Things Is Just Like The Other
Well…….its the 21/12/12 and I am still here. Although I havent checked to see if I am here by myself yet…. In the spirit of such things I give you two sets of predictions. 1. Those dickhead Mayans who couldnt even foresee the coming of the Spanish – bit of bad luck there 2. A…
DetailsTwo Surprisingly Related Items
Below is a table I lifted from Bespoke Investment It shows the YTD performance of what could be called analyst’s least loved stocks. You will note that some performed quite poorly but the top five had an average return of about 71% with WHR returning 104.34% The second of my related items is titled simply…
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