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Richard Sachs Cycles

GS, MS to become banks

This is an interesting twist. Obviously, it means that Morgan Stanley will be subject to more stringent regulation, but I wonder what it fundamentally means for the business model. This will be really interesting to following over the next days/weeks/months.

Goldman Sachs, Morgan Stanley To Be Bank Holding Companies – WSJ.com

The Federal Reserve said [...]

It’s gonna be carnage

Goldman, Morgan Grasp at Bitter Prize September 15, 2008; Page C1

Goldman Sachs Group and Morgan Stanley look like survivors in Wall Street’s purging of stand-alone investment banks. But the prize will be bitter.

The investment banks report results this week for their fiscal third quarter, which ended in August. Analysts expect a profit from [...]

I already told you once, It’s Not Porn!

Warning: The trailer below contains some nudity. If you don’t want to see it, then don’t look! It’s Not Porn – A Documentary (Trailer) from Cianna Stewart on Vimeo.

The initial trailer is ready for Cianna P. Stewart’s new documentary It’s Not Porn: Behind the doors of a modern pin-up company. As a reminder, the [...]

It’s Not Porn!

An old friend of mine in San Francisco, Cianna Stewart (one of the Sexiest Geeks Alive), is becoming quite a prolific independent filmmaker … her latest project, just going into production, will be a documentary about Zivity.com, a new online social network for connoisseurs of pin-up photography.

Zivity has been garnering a fair amount of [...]

Why am I not surprised?

Heard on the Street – WSJ.com Some Traders Win Big Harbinger, Greenlight, Tremblant Profited By Betting Against Bear By GREGORY ZUCKERMAN, JENNY STRASBURG and TOM MCGINTY March 20, 2008

The collapse of Bear Stearns Cos. dealt a severe blow to investors, from big names like billionaire Joseph Lewis to thousands of employees of the brokerage [...]

Risk/Reward

One thing I’ve learned from working for years in investment services …

From Investopedia:

Risk-Return Tradeoff

The principle that potential return rises with an increase in risk. Low levels of uncertainty (low risk) are associated with low potential returns, whereas high levels of uncertainty (high risk) are associated with high potential returns. In other words, [...]

Recommended Reading: Raising The Bar

I’ve been reading Raising The Bar: Integrity and Passion in Life and Business, by Gary Erickson (the founder of Clif Bar, Inc.) recently. I really like his model of a balanced ecosystem for a thriving business. Following this model has allowed Clif Bar to become one of the fastest growing privately-held businesses, and the leader [...]