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Stress is Making You Micromanage, Which is Making Everything Worse
Are you a micromanager? You will probably say no. Maybe you self-deprecatingly call yourself a “control freak.” Or just “hands-on.” You just “care too much.” And it’s true: You do feel a certain need for a sense of control over your work. You are responsible, after all–perhaps more responsible than some of your coworkers or direct reports. You’re afraid of mistakes and
Billionaire Ex-Hedge Fund Manager Launches TV Ads Urging Lawmakers to Impeach Trump
Hedge Funds
Billionaire hedge fund manager Tom Steyer, who is one of the Democratic Party's most prominent "megadonors," has launched an "eight-figure" television ad campaign urging elected officials to impeach President Trump, as the Washington Post reports. Steyer, whose campaign to impeach Trump was first previewed by the New York Times, calls Trump "a dangerous president," in his new TV spot, saying that Trump "has
The Lessons We Did NOT Learn From the Crash of 1987
This week marks the 30th anniversary of the Black Monday market crash of 1987, the single worst day in U.S. stock market history. With the S&P 500 trading at new all-time highs, it’s only natural for traders to draw comparisons between today’s market and the one in 1987. However, in a new research note Thursday, Canaccord Genuity analyst Brain Reynolds
Grow Your Practice Through Charitable Giving Conversations
Discussing charitable giving with clients can deepen your client relationships and help you grow your practice. A 2016 survey by U.S. Trust found that nearly all high-net-worth donors (94%) are curious to know more about charitable giving. This signals an opportunity for advisors to become a vital resource for clients with an offering that differentiates their practice and encourages organic
Bill Ackman’s Giant White Whale
Hedge Funds
Admitting you were wrong is never easy — but it’s even harder when you bet $1 billion you were right. Q3 2017 Hedge fund Letters, Conferences, Pitches; Buffett Vs Cohodes, SEQUX Logo Change! Five years ago, Bill Ackman of Pershing Square Management, the powerhouse hedge fund, made that bet — shorting a reported 20.2 million shares of stock in the
Watch Martin Zweig Pretty Much Predict the Market Crash Right Before Black Monday
The worst day in trading history happened 30 years ago today, on October 19, 1987. Forever known as Black Monday, investors watched in horror as the Dow dropped 22.6 percent (about a 5.200-point drop today), the S&P 500 plunged 20.5 percent (equivalent to a 520-point drop today) and the Nasdaq fell 11.4 percent (roughly 750 points today). But the late investor and financial
What Can Retail Learn From eBay?
EBay Inc (NASDAQ: EBAY)'s status as being far from the largest player in the online space isn't stopping it from surviving amid much larger companies, Gadfly's Sarah Halzack said. In fact, eBay has much to offer in terms of advice for struggling offline retailers as it is showing tremendous "survival skills." EBay's earnings report isn't necessarily sitting well with many investors; the stock is trading
Your Five-Month Guide to Getting a Promotion
Landing a promotion (and the raise that will likely come with it) are career goals that most of us aspire to sooner or later.  But you can’t just pop into your boss’s office, declare yourself ready for a higher-level role, and expect to hear, “You’re right, dammit! Promotion approved!” In truth, actually asking for a promotion is the final step in a
Abu Dhabi's State Fund Just Opened an Office in San Francisco to Boost Investments in Silicon Valley
The sovereign wealth fund of the United Arab Emeritus has opened an office in San Francisco "in order to deepen its relationship with Silicon Valley," which includes launching its first venture capital fund, Recode reports. The UAE's sovereign wealth fund, which operates as the Mubadala Investment Company, plans to invest $400 million in early-stage startups through its VC fund. It will
'I am Not a Racist' Says Famed Investor Who Thinks America is Awesome Because it's Ruled By White People
Here's a good rule of thumb: Whenever someone qualifies a statement by first saying, "I am not a racist, but..." there is a really, really good chance that whatever comes out of his mouth next is going to be offensively racist. Enter Marc Faber, the famous Swiss investor known as "Dr. Doom" because of his consistently pessimistic views of the