When Eliot Spitzer fingered ex-NYSE director Ken Langone for Dick Grasso's pay package, Langone told CNBC's Charlie Gasparino, “One way or another, Spitzer is going to pay for what he's done to me — and the havoc he's caused in the New York business climate.” After Spitzer was outed as “Client Number 9,” Langone told CNBC's Squawk Box, “I have never had any doubt about his lack of character and integrity.” Wall Street's eating schadenfreude for lunch.
Are closed-end fund preferred-auction securities safe? We consider CFPs to be the conservative's conservative security. Defaults are even rarer than failed...
Wall Streets Bull and How to Bear It
"There are two requirements for success in Wall Street. One, you have to think correctly; and secondly, you have to think independently." - Benjamin Graham. "Wall Street's Bull and How to Bear It" was written to encourage a strong commitment between investment advisors and their clients. The book identifies a unified set of core beliefs that advisors and their clients should share....
