January 19, 2010 – 6:30 am
John Dorfman, investor and Bloomberg columnist, has been following the 4 most popular and hated stocks among Wall Street analysts for the past 11 years.
According to Dorfman’s research:
For 11 of the past 12 years, I have studied the performance of analysts’ four favorite stocks, and the fate of the four they most scorned…Their favorites, on [...]
January 5, 2010 – 8:03 am
2009 was a great year for firesales of independent research firms (Integrity Research)
We have probably witnessed the last glamorous buildings being built for the rest of our lives with the opening of the Burj Khalifa in Dubai (Can Turtles Fly?)
JP Morgan forecasts a 10.5% rebound in US display advertising in 2010 (TechCrunch)
It’s a bull market [...]
December 3, 2009 – 4:13 pm
Equity analysts have been shipping out from sell side firms on Wall Street and establishing their own independent analysis shops – in droves - according to “Research Renegades” in the November 2009 Bloomberg Markets magazine.
The ongoing transformation of the sell side – through the financial crisis, the bear market and assorted tribulations still taking shape in Washington [...]
November 12, 2009 – 2:37 pm
There seems to be an epidemic of insider trading cases these days. First we started with the Galleon indictment alleging that Galleon profited from receipt of material nonpublic information from a variety of sources, including an investor relations …
November 10, 2009 – 8:12 am
If Goldman Sachs is a star in your investment universe, or even a remote planet you aspire to add to your universe, you ought to read the fascinating company profile (“I’m doing ‘God’s work’. Meet Goldman Sachs”) in The Sunday Times of Nov. 8.
The newspaper’s piece is heavy on pop psychology and a bit overawed by [...]
October 19, 2009 – 8:15 am
The latest Wall Street scandal, an insider trading case against billionaire Raj Rajaratnam and his hedge fund firm Galleon Group, holds implicit warnings for investor relations professionals: Beware the aggressive trader seeking an informational “edge” to trade on, and never ever get in bed with a tipster.
Today’s Wall Street Journal (“Colleagues Finger Billionaire”) reports that, [...]
September 24, 2009 – 7:54 pm
If you’ve worked on stock offerings or M&A transactions, you have probably noticed that the smartest guy in the room is always the investment banker. At least in the investment banker’s opinion. (And I say this without any envy or doubts.)
So I perked up when I saw a piece in my college alumni magazine about a [...]
September 14, 2009 – 10:40 pm
President Obama commemorated today’s anniversary of the collapse of Lehman Brothers and the ensuing financial panic by going to the Wall Street playground and delivering a schoolmarm’s lecture to the boys who’ve been acting up. (News story here, text of speech here.)
Like many a grammar school teacher, Mr. O lectured all the kids without differentiating much between [...]
August 21, 2009 – 3:12 am
It’s not only brokers being highly sought after as Wall Street and the financial industry rebuilds itself. From today’s WSJ, “Morgan Stanley makes sales, trading hiring push“,
Morgan Stanley is in a hiring push that will add as many as 400 trading and sales positions as it tries to revive profits in areas such as fixed-income [...]
“Wall Street is a confidence game, in the strictest sense of that phrase.”
- Malcolm Gladwell, “Cocksure”
The New Yorker, July 27, 2009
One of the best storytellers writing today about financial and economic topics, Malcolm Gladwell, takes a shot at Wall Street’s overconfidence in the current New Yorker. It’s one of the wittier dissections of the financial crisis that [...]
