One word can have such distinct meanings that I never connect them. Consider the words ‘conversion’ and ‘redemption’, important in the vocabularies of Christians and the bond market. And then…
MEGO Alert: My Eyes Glaze Over having heard about executives’ comp in financial services ever since the Reagan-Bush leveraged-buy-out boom, as probably do yours. So be warned: numbers below. But…
As I read Flash Boys (Norton, 2014), I find myself asking, ‘Can I trust Michael Lewis? Is he a reliable reporter?’ Uncomfortable questions, those, when posed of someone…
Suppose your great grandfather ran a scheme like Bernie Madoff’s which brought low, among many, a former president of the United States, Ulysses S. Grant and the Marine…
“It’s just not an efficient market if a fair amount of orders never see the light of day,” [Kevin Cronin, the top trader at the mutual fund provider…
The year of the snake on the Chinese calendar has inspired HSBC to a slick advertising campaign with an arresting image: a brush-painted black snake. The constrictor’s long body…