If you are like me you probably spent the bulk of your childhood in school. And if you are like me you also probably spent the bulk of your time in school being told that you had to do good in class so that you could “get into a good college” or “get a good job.” From the time we are young, we are ingrained with the “what do you want to be when you grow up” mentality. The funny thing is that by the time we grow up we usually become more and more uncertain about what we want to be. Most of us decide that we don't want to be anything at all or that what we want to be can't support our material needs, so we settle for something that pays the bills. This is obviously not always the case, but it is a huge trend I have noticed in my own generation.
You’ve heard of China Town, New York. You’ve heard of Spanish Harlem in Manhattan. Have you ever heard of “Little Africa” formally known as The Black Wall Street? Many people have not. Plenty of successful race driven communities exist in America. These communities became more abundant as early as 1823 during the rise of industrialism in America. The immigrants working for the Lowell Textile Mills began chain migration and created ethnic enclaves so they could be reminded of where they came from, support one another, and prosper together. By 1921 most black Americans were accustomed to living in a similar way; separate from whites. For so long, an ethnic enclave was the only option for them.
When a group of feminists marched down to Wall Street in the 1970s they were met with something akin to apathy. There was little sympathy in the world of bulls and bears for women's liberation, particularly among the more successful women in the finance professions.
You have to start from somewhere to build your riches. While some are born rich and stay rich, and some win the lottery, for the most part you have to make a smart decision somewhere along the way to become rich. If you have been able to save some money and you want to invest, it can be hard to know where to start. While $1,000 is a meager amount to most big-time investors, you have to start somewhere, so let's look at a beginner's guide to investing your first $1,000 to create a lifelong profitable endeavor.
Hard to type an essay on Gothic literaturebouncing a baby on your knee. But with each bound of the red-headed binky sucker, I reminded myself: “This is what you wanted, man.”
If you hear talks about a godfather offer or a bear-hug, you might assume you are being invited over for a movie marathon, or that someone wants to give you a warm embrace. While that may be the case, in business lingo these terms often indicate that a lot–a lot–of money is at stake.
Revisiting Boiler Room after watching The Wolf of Wall Street is like being lied to after a horrific accident. Both movies are based on Jordan Belfort’s misadventures at the Long Island penny stock scam factor Stratton Oakmont but that’s about where the similarities end. Boiler Room is the movie for those outraged at Wolf’s lack of redemption. It’s the happy ending version of a tale that really has no happy ending. But it still is not too bad, even if their version of Belfort, named Michael Brantley, is played by a mealy-mouthed Tom Everett Scott. He shows up every half hour or so before skulking back to his office. Not a very bad boy compared to Leonardo DiCaprio’s whoring, coke-snorting Belfort. Instead, the focus is on a conscience-stricken junior broker, played by Giovanni Ribisi, who acts as a sort of audience surrogate. In this sense, Boiler Room is rather traditional. No morality here. The really bad guys get punished, and the audience is left feeling righteous.
A "dead cat bounce" is what happens when a stock value that has been plunging downward suddenly recovers slightly, only to begin falling again. Investor and author Thomas Bulkowski classifies the brief recovery as a dead cat bounce if the stock declined at least 15 percent in one day. People rarely think of dead cats when they think of the Dow Jones or the NASDAQ, but it’s a figure of speech that even a dead cat will bounce if it falls fast enough, hard enough, and long enough.
There are two sides an investor can take in a trade: a long position or a short position. For the average investor investing in their retirement accounts, a long position is all they need to worry about.
If you know much about trading and investing market and stock shares, then you’ll know the “puke point” is the dark, bleak horror land that no investor ever wants to reach... but likely will eventually. At the very best, hitting the puke point means a really crappy day in the market. At worst, the puke point spells out financial ruin for traders or investors who put too many eggs in one shaky basket.
Harvard isn't worth the money. "The more you read, the more things you will know. The more that you learn, the more places you'll go." – Dr. Seuss. The corporate world, Wall Street, and the complex weave of today's global corporate culture require an education far beyond what the great business schools and universities presently offer. Perhaps the best way to prepare yourself for the future of industry and business is to study its past intrigue and sometime tragedy. The following 25 Wall Street books are hand-picked from Frommer's personal collection of favorites. Save the tuition, read the books.
Not available in stores, this nearly 50-hour program includes 25 required viewing classes, and it's free. This guide to the top Wall Street films is not just entertaining, it is educational. From 1981's Rollover to its younger brother Wall Street The Movie, and even the late 90's Pi, these movies explore the complex world of finance. From Danny DeVito in Other People's Money to Eddie Murphy in Trading Places, Wall Street has always relied on its sense of humor to get through the tough times. Some of my favorite picks are Barbarians at the Gate, Working Girl, and the timeless American Psycho. Forget the MBA and watch these 25 films.