5 Million Dollars. 10 Years. This is the story of my journey.
The Fortune magazine released their Best Stocks for 2009 list a few days ago. That reminds me of Fortune’s similar list for 2008. Let’s see how we’d do if we had followed Fortune’s list of “best” stocks for 2008, early in 2008. Here are their 2008 recommendations (if you can’t see the spreadsheet below, please [...]
What does Lehman Brothers‘ bankruptcy have to do with wiping a huge part of Hong Kong and Singapore retirees’ life savings? Some of them may have never heard of this Lehman Brothers thing in their entire lives. For all they know, they just got sold these “safe” products that give slightly higher returns of 5% [...]
David Shorr lost US$6 million just in one night. So amazing, isn’t it? Before I joined an investment bank myself, I thought that people in there were all super savvy with their money, managed their finances wisely, diversified properly, allocated their assets intelligently, etc., etc., etc. But as soon as I became one of them, [...]
Scenario A: “They never gave me a chance to prove myself!” – An ex-colleague, after quitting his job following the umpteenth bad performance appraisal. “Sigh. What should I do with him? He can’t even do the small projects right. I can’t even give him bigger projects even if I want to!” – His (now ex)-boss, [...]
Dow plunged more than 500 points–its biggest point drop since 2001 terrorist attacks. Lehman Brothers filed for bankruptcy, listing $613bn of debt–making it the biggest ever in US history. How I wish I had read this Fool-ish advice and bought some serious put options on Lehman! Bank of America bought Merrill Lynch for $50bn [...]