Tag Archives: Wall Street

Overconfidence on Wall Street

“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 [...]

The profitable other side of financial social media

Because it has broader appeal, we spend a lot of time thinking and talking about the demand side of financial social media.  Investors can use tools like following their favorite investors portfolio moves on Covestor or crowdsource ideas on Piqqem or use AlphaClone to create the same portfolio Warren Buffett has.
There are other great tools, [...]

Weekend Links: Investors and Professionals getting more social

IR newbies looking to leverage social media should cut their teeth on Posterous. (Dominic Jones)
How CIT tried to buy itself a buyout (Clusterstock)
thinkorswim gets rolled out to Ameritrade customers (Barron’s, sub req’d)
Jamie Dimon speaks at Harvard’s Class Day (noise free investing)
More index funds sought for 401(k)s (WSJ)
Ken Heebner of CGM Funds slumps for a 3rd [...]

WSJ is wrong about the future of investment research

Very interesting article yesterday at the Wall Street Journal.  Entitled, “Stock-Research Reform to Die“, the article describes what’s happened in the wake of Eliot Spitzer’s landmark settlement against Wall Street brokers in 2003. According to the WSJ, this settlement was part of a wider Wall Street wrist-slap against ingrained culture that issued “overly optimistic stock [...]

A Gordian Knot – Investor Relations, Laws, Regulations and Case Laws

The academic part of my year is currently in full swing and that, combined with my other commitments, has caused me to fall behind on my musings. My apologies to those of you who have been eagerly awaiting yet another installment, but as a rational e…

My advice to Directors: get out the vote!

EVER since the folks at Risk Metrics asked me several weeks ago to write something for directors about communicating with shareholders, I’ve been struggling to put down my thoughts in some sort of coherent form.
The problem, you see, is that I do…

Investors are monitoring the web. Are you?

WEB monitoring services that help investors track online mentions of companies they follow have become an emerging area of innovation as easy-to-use publishing technologies have brought a flood of influential experts to the Internet.
Some of the compan…

Walgreens’ CEO – An Inside Job

I have a confession to make.  There is software on this blog that allows me to see statistics about what posts are most popular, where my readers are coming from and how they get here.  I can’t tell down to the exact reader, but because I can see…

Putting a “Hook” into Your IR Message

In the music business, received wisdom is that a song needs a “hook” if it’s going to be a number one hit.  In other words, a song has to have a memorable thought, idea or catch phrase so that listeners will remember it.  The idea translates …

Looking at Fact Patterns

The image investor relations people have of investors is that they sit at their computer monitor all day long and review spreadsheets.  The reality is more complex, but many of the most astute investors I know rely as much on tangible fact patterns a…