On the Street

Words of Wisdom to new MBA’s from the Oracle of Omaha

It seems like only yesterday that I was on stage receiving my MBA diploma and ready to conquer the world. Well, really I was just trying to get a job first. Times were different in the ’80s and ’90s. Tuition had yet to skyrocket, and an MBA degree was a novel segue to Wall Street and consulting. Today it is ...

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Space – The Final Financial Frontier

It is no secret that Captain Jeff Bezos and the Starship Amazon have their sites set beyond the metaphysical world. The allure of the infinity of space and the expansionary economic vision is too rich to ignore. The titans of industry like Bezos, Musk and others have taken the lead by launching satellites into space at a size and price-point ...

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Is there an Economic Dichotomy between Pot and Painkillers?

Not that long ago, marijuana was illegal across the land, and known as a gateway drug that would lead one down the path of no return. The opioids were considered a medical breakthrough in managing debilitating pain, allowing those suffering from cancer and the like to lead better, more pain free lives. Fast forward to today, and the perception is ...

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BAML Survey Shows Historically Low Investor Sentiment

The latest Bank of America Merrill Lynch survey of investment managers came out on Tuesday and it showed incredibly low allocations to equities, high allocations to cash, and overcrowding in the long treasury trade. Let’s break down each aspect of those three investment categories. First, the funds showed an overall allocation of 21% to global equities, and that is the ...

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Google Blacklist Blocks Conservative Sites

Google is doing a really bad job hiding its anti-conservative bias. During the 2016 election, Google was caught prioritizing positive information about Hillary Clinton and prioritizing negative information about Donald Trump in search results. Last week, the company fired engineer Mike Wacker after he spoke with Fox News about the harsh work environment he endured as a Republican working at ...

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The Big Push to break up Big Tech

You could almost feel it coming in the air tonight. Or wait, that is a Phil Collins song stuck in my head. However, there is a pervasive feeling that the tech giants like Amazon and Google are now too powerful, but they’re also really good for consumers. This so-called paradox between what’s good for consumers and what’s good for the ...

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Why Should We Educate the International Students?

In the latest tit for tat going on between Trump and Beijing, education is being thrown in the mix. The influx of Chinese students to our upper-tier universities has caused the administration to take a closer look at why we allow some 360,000 Chinese students on to our campuses. The parable of giving a man a fish, and he will ...

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Traders Getting Ahead of Themselves on Fed Funds Rate Cuts

With the global bond rally continuing and equity markets struggling over the past month, bond traders have made a drastic shift in what they expect the Fed to do with the Fed Funds rate. Of course, falling stock prices and rising bond prices aren’t the only culprits in the shift. Stocks have fallen over the past month after the trade ...

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