Wall Street helped the Allies finance their World War ll triumph.  As usual, they hedged their bets. J.P. Morgan assisted Germany’s rebuilding after The Great War. Morgan’s Thomas Lamont spearheaded the renegotiation of reparation payments and organized other Wall Street banks to bail Germany out with loans. It didn’t stop there. Along with other New York bankers, Lamont…

“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.” If teachers don’t understand why having an expensive annuity in their 403(b) is a horrific idea, how can we expect them to teach our kids about money? We may have found…

Would you buy a ticket to a game you can’t see?  Introducing the worst financial product since the variable annuity:  The “In the Building Pass.”   Warriors’ zealots pay $100 for every home game, but there’s one small catch – no seat is included.  Fanatics watch on T.V.s throughout the arena but there are no views of the…

Many advisors speak at clients rather than to them, unknowingly detouring into financial frivolity. Terms like yield curve, alpha, support and resistance levels, factor investing, and risk premium confuse, bore, and scare civilians. What do average people want to know? According to the InvestmentNews: “Rollovers and understanding employer matches were frequent questions, but the topic…