I haven’t had a post about sales here and I thought it was necessary. We have heard many times how business development is the path to riches. A lot of very wealthy people own their businesses. In business, you need to know how to sell and not be shy about it.
Fibonacci does not have to sound Greek. The natural numbers (0, 1, 2, 3, 4, 5, 6, 7, 8, 9) owe their introduction to Europe to a thirteenth century mathematician named Leonardo Fibonacci.
Investing outside of the United States was a recommendation that I made on the last post on this blog. So I thought I'll act out this suggestion (mind you, I did get heat for this). I am basically going to be listing global indexes and securities that I am bullish about.
There are many people out there whom are buried in debt and just can't seem to get out of it. Unless you are so completely overwhelmed with debt that you choose bankruptcy, there is always a way out. It may take time, but if you try and stick to it, then the debt will melt away.
The first thing I want you to do is to read the USA Inc. report written by Mary Meeker. I am quite an optimistic person, but even people like me need to be fed with information like this that borders on pessimistic to get a real perspective of where the U.S. is heading.
I really felt that a post on this ultra-fast trading that relies on high tech machinery was a must on this Stock Fest blog. High Frequency Trading (HFT) is all about speed. Even a few milliseconds of time being created will lead to millions of dollars worth of profitable trades.
It is tough for a shareholder when a firm is not transparent. Insider trading is what a lot of investors complain about and the main reason why investors shy away from the stock market and other security markets. I am here to tell you that insider trading is in fact good for investors despite its obvious cons.
The Nobel laureate economist Milton Friedman along with other big-name economists have argued that insider trading serves to make information efficient in the markets. After all, investors are capitalizing on the stock picks of insiders for impressive results. It has come to pass that when a CEO buys a stock that stock will appreciate and outperform the market as a whole.
One of the big news events coming out of banking and finance was the resignation of the academic hedge fund guy Vikram Pandit who was leading a global consumer bank. Transparency and openness to shareholders is something that Wall Street firms are not accused of. The Vikram Pandit 'resignation' just goes to show how the truth is kept from the public. The good thing is that it has actually come out on in this case.
There have been conflicting reports about the reason behind Pandit's departure and why it came about now. But there is no denying the fact that Citi's troubles existed long before Pandit came to the firm. Some of Pandit's moves did not bode well for Citi with him not listening to head of wealth management at the time Sallie Krawcheck being a prime example.