Recent content by jrsmee

wait till real estate futures come out on the CME. You could do the same as relative value equity trades. Your bet is the property will outperform the real estate market. Prices go down, they depreciate less. Prices go up they increase more than the market. In this situation, you only need...

Its a rather complex issue. First, let me state I am all for free trade. Unfortunately trade isn't exactly fair, but thats another issue. First off, we like Chinese goods. They're cheap (relative to domestic production) and allow us to consume more than we could otherwise. Second off...

Sorry forgot th link, here it goes http://www.nymetro.com/nymetro/news/bizfinance/biz/features/15197/

As for comparisons, I'm not sure but google enough and you can probably find them them. Otherwise, got to the sec website and download their financial statements. Here is the most recent filing Three Months Nine Months Ended August Ended August 2005 2004...

Actually, I just saw an article on the fact they now expect 12 billion, but that is still total compensation. Here's the old article. Either way, the bottom line is they are still make a lot of money. No wonder they're consistently ranked the second most desirable company to work for by MBA...

tomcole is 100% correct. A large part of their money now comes from principal investing and trading (check their financial statements). Other sources of money are their asset management (commissions in the form of management fees), M&A and advising (commissions in the form of deal fees) and...

Hey chitrader101--- Your a piece of work. First of all, if you want to talk s*it on me, at least have the balls to identify who you are. I have no problem doing so. Second of all, if you read my thread I am not a failed trader but wasn't the most successful either (I don't know of any...

Wow, I'm surprised it took this long, but obviously Refco had more important issues (i.e. their fraud). Fraud and new ownership aside, RTS US was destined to be shut. I'm surprised the underwriters didn't kill this cash hog ages ago. It's a shame. RTS in theory could have been one of the...

one major money manager w/ a degree in philosophy is Bill Miller of Legg Mason. He has a PhD in philosophy from Johns Hopkins but has a BA in econ from Washington and Lee. I am in no way endorsing a degree in philosophy, math or physics and econ would be my first choice (if I had another...

Thank god I no longer prop trade so I can count idiots like businessman as my peer. This might be one of the worst quotes of all time. As I explained earlier, Goldman is a major investment bank. That means they have trading but also M&A, Structuring, Asset Management, etc... What does that...

Remeber that a lot of its profits aren't trading related (i.e. M&A, structuring, etc) and that much of its trading profits come from market making (exotics). Even so, their prop group is still highly profitable. And remember, GS wouldn't even give most of our resumes a second glance, not...

Soryy retail FX video game player, but If anyone believes a word your saying, then this shows the stupidity of half the members in this community. Refco might of had a few phds and a few mbas, but to say they were the brighest is completely asinine. First of all the brightest PhDs mostly do...

The stock is basically worthless. A little about bankruptcy. In most cases, bankrupt companies have negative net equity (remember A=L+SE). This means that the liabilities are greater than the Assets and SE is a plug figure. As a result, the companies aren't able to pay to service the debt...

The fact that anyone is even considering or believes this con artist for a second blows my mind. It just goes to show why behavioral finance works, because there's obviously people in the market who aren't even slightly rational. BTW, cutting and pasting some charts and other bs is sure a lot...