Wall Street
In perusing the WSJ today, an article caught my eye. The venerable Charles Schwab has become the latest company to discontinue offering load mutual funds, where investors pay what generally is a high commission in addition to regular fund fees, as a result of the new Department of Labor law requiring brokers to act as...
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Below is the link to a video of Bill Ackman discussing his recent purchase of P&G.  This is an absolutely huge position for him representing very high conviction.  We have been investing in P&G as well primarily through the selling of long term put options.  While Ackman’s stake is close to $2 billion it still...
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I’m amazed at the lack of common sense shown by politicians and regulators regarding the JPM trading loss.  This is a company that has a stellar track record and it is absurd to think that they will never lose money when trading.  Company’s make mistakes and can’t just always print out money.  Wouldn’t that be...
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http://www.bloomberg.com/news/2012-03-22/wall-street-profit-estimates-raised-by-analysts-after-jefferies.html INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.
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