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Richard Sachs Cycles

More evidence for Darwin

Tragic story, but why does this always seem to happen to people who trust in God to protect them instead of exercising common sense. I think that if there is a Supreme Being, it’s going to protect people against things beyond their control, but is not going to reward stupidity?

God (in whatever form) [...]

Lehman Brothers “murdered”?

Ever wanted to know what causes a major investment bank to go belly-up?

On January 29, 2008, Lehman Brothers Holdings Inc. (“LBHI”) reported record revenues of nearly $60 billion and record earnings in excess of $4 billion for its fiscal year ending November 30, 2007. During January 2008, Lehman’s stock traded as high as $65.73 [...]

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, [...]