Monthly Archives: October 2009

Inside Scoop on Moody’s Ratings Process

McClatchy: How Moody's sold its ratings – and sold out investors A McClatchy investigation has found that Moody's punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment … Continue reading

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Site Lets Investors See and Copy Experts’ Trades

NYT: Site Lets Investors See and Copy Experts’ Trades Thanks, Zach C. The trouble with mutual funds is that investors can feel as though they have put their money in a black box. The 90 million Americans with money in funds know … Continue reading

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The Shrinking Big Board

NYT: Rivals Pose Threat to New York Stock Exchange

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Op-Ed on the Cause of the Financial Crisis

NYT: Wall Street Smarts Thanks, Jeff. “The financial system nearly collapsed,” he said, “because smart guys had started working on Wall Street.” He took a sip of his martini, and stared straight at the row of bottles behind the bar, … Continue reading

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Thinking Through the Giant Goldman Bonuses

NYT: Don't Fail, or Reward Success To put that $23 billion bonus pool number in perspective, it is the most Goldman Sachs has accumulated for bonuses in its history — twice as much as in 2008. And it is doing … Continue reading

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Understanding High-Water Marks

Download 2009-10-12 Funds Inch Past the High-Water Mark – WSJ.com

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Trading Advice in This Article

FT: Manufactured Surprises Will Keep Stock Rolling The last two earnings seasons, after global stocks hit rock bottom in March, were excuses for big rallies. The S&P 500 rose 11 per cent while first-quarter earnings were announced, and 15 per … Continue reading

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Active Management Loses Again

Download 2009-10-8 Active Management Loses in Risk Study – WSJ.com While it has been established that most actively managed mutual funds lag behind their indexes over time, a new study further twists the knife: Active management suffers even more by … Continue reading

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Long-term Stock Returns: It All Depends

Download 2009-10-10 Don't Get Hit by Crash at Finish Line – WSJ.com As the philosopher Bertrand Russell warned, you shouldn't mistake wishes for facts. Bonds have beaten stocks for as long as two decades — in the 20 years that … Continue reading

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High-Frequency Trading Results for Citidel – $1 billion

Download 2009-10-2 High-Frequency Gain: Citadel Unit's $1 Billion – WSJ.com

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