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A somewhat related inefficiency: H1B-holders seem less willing to challenge the status quo and be innovative - especially when rocking-the-boat could get you sent home. That is my experience, at least, with one large employer. I don't think companies realize this when they decide to import their...

Curious how this topic might relate to Fed policy or broader government policy. That is, some economists seem concerned about wage growth, the strength of the consumer, and the hollowing of the middle class. Should the government be doing more to encourage wage growth? Or, put another way, what...

I just went through the Level 2 curriculum, so let me add a couple of cents here. I would guess that the CFA could only help and not hurt. Part of Level 2 is about getting a clear picture of a company's balance sheet, dealing with off-balance-sheet financing and determining earnings quality. Why...

I don't think this is a fair representation of the CFA curriculum (me, L2 exam in a few weeks). Santos, check out the curriculum and see if the topics interest you. At L2 you will get a better idea of whether you will enjoy the actual work. I have heard that an MBA from outside the top 10-20...

Isn't this just illustrating similar returns with less volatility? Isn't that what a hedge fund is all about?

MLK day is supposed to be "a day on" and not "a day off". Many people celebrate the holiday by volunteering in service to others. How can one say "that does nothing to help the american people"? You need to listen to "I have a dream" again and make it to the very end. It's about equality of...

To answer the question posed in the headline: you work because it gives you self-worth and dignity. If you can exercise your talents and get paid for it, all the better. If you can have the time of your life doing it - like Mr. Mickelson - you are one of a fortunate few. I don't think anyone...

I think it depends on whether you want to stay in the investment field or are open to other industries. You will need to spend a couple of years working your way up. The good news is that once you have 2-3 years of experience and have shown talent, getting another job is relatively easy...

Long term rates have moved up significantly since the Fed's announcement. Also, it's been said that the spread between long-term rates and MBS will narrow with the Fed's actions. So how does this benefit the banks? For consumers, could this all be a wash with little movement in mortgage rates...

Thanks for kicking off this thread again. I've been trading F against GM several times this year. It hasn't been easy since GM has a higher beta and has outperformed as the markets churn higher. How often do you remove your hedge and take a directional bet? For example, with a 7%+ move in GM...

Yes, been trading OCZ for a while now. Here are some things to support the rumor: - All insider activity (planned sales) stopped in April, which supposedly coincides with the start of negotiations. - There was an unusually large options backspread trade initiated on 7/13, indicating that...

My cousin is one of those ones awaiting benefits. He broke his back in a motorcycle accident. Meanwhile, his wife has left him. What would you say to him?

Here are some changes to consider, occurring now and in the coming decade: - Wages in China have risen. They are no longer the low-cost manufacturing center. - Demographics. They have or will be reaching an inflection point soon. The number of young people entering the workforce is starting to...

If you look at the wealth distribution (not income distribution) you'd see that the wealth has been moving up the ladder too. It's clear that the poor are no longer the easy target; there's just not enough wealth there. So the middle and upper-middle classes will be the next to fall victim...

True, but people in these areas of the country always have the option of moving (or even finally retiring) to lower-cost areas. It's a personal choice to live in these areas; should the rest of the nation subsidize that?

The "miracle" will be the rich actually giving up their wealth on their own accord. How long can these economic imbalances be maintained? If something can't go on forever, it won't. Do we want to wind up like Czarist Russia? Like Venezuela? I hope not. Come on, people, what's our plan?

Investing in index funds is like resigning to being just average. Some of us like to think that we are above-average investors (even if it's not true). Some of us like to hope we are above-average, but we won't know until we try.

No, but it's not surprising. Various business groups and leaders are starting to be more vocal on these issues. NPR did a related show on this topic recently: Free Market System at a Crossroads? The most interesting line, I thought: Multinationals tend to defer to the Chinese government...

I saw that article too and am glad you started this thread. A few thoughts: 1) I think Andy Grove is being sincere. The saying about people towards the end of their life is that they are more honest, because they know how the story has turned out. We should be listening. 2) An economist...