Category Credit crisis

The secret to successful investing

In the irrational, out-of-control world of the financial markets, acting rationally loses money rather than making it. Anyone who thinks that financial markets can be successfully self-regulating hasn’t understood the way that acting crazy can be the way to make…

Auction rate securities still frozen

Most brokerages are refusing to buy them back which means the investors can’t get any money out of what was sold to them as a cash equivalent. Ouch. Who buys auction-rate securities? It’s not just “the rich.”‘ I’ve heard from…