Comments on: The Era of Big Bonuses: Over? How the 2008 US Election Results Will Affect Investment Banking Pay

By: Inquisitor

Inquisitor — Fri, 05 Dec 2008 23:27:36 +0000

No, it sounds like:

“Mid-level guys are screwed.”

“Bankers are now going abroad and to boutiques to find work.”

Which is what I’ve been saying all along.

No, investor means to put your own capital to work in such a way that your time is not tied to your money – that is the key element. So bankers do not qualify because they do not use their own capital.

By: Ray Murphy

Ray Murphy — Fri, 05 Dec 2008 20:55:16 +0000

Indeed, NYT, Huffington, Washington Post, etc. are totally incompetent when it comes to finance.
However, I typically get my news from Financial Times, WSJ, Fortune, Forbes, and BusinessWeek. Do you feel these are more “clued-in?”

When you say “investor” – do you mean it in a general sense? Such as, investment banker?

BTW: What think you of this FORTUNE article. Does it not sound like “DOOM.”

By: Inquisitor

Inquisitor — Tue, 02 Dec 2008 07:03:01 +0000

How should I know? I’m just a regular guy, I don’t have a crystal ball.

BTW, you should never read mainstream news publications as they are clueless when it comes to finance. NYT in particular has a really bad liberal bias.

Let me say this, though: the 2 best ways to make money are to be an investor, or to own your own business.

No economic conditions will change that rule – so traders and other investors should still do ok…