Damn, it Feels Good to Be a Banker is a satirical account of life as an investment banking analyst in New York at a top tier bulge bracket investment bank. The book is written by Leveraged Sell-Out, the author of the Leveraged Sell-Out blog. One disappointment is that Leveraged Sell-Out was not actually a banker, but rather a strategy consultant that lived with many banking analysts. Still based on my buy-side experience and the stories my banking friends have told me this book contains many underlying truths.

A summary and commentary of the previous weeks and next weeks (August 10th) economic indicators, including CPI and crude inventories.

The Sharpe Investing blog recently passed the one year mark. Blogging about finance and investing has been a great experience. I have learned a great deal and hope you have learned more about finance and investing by reading the Sharpe Investing blog.
Below are the top 10 Sharpe Investing posts, in order of page views. A new list will be posted every year highlighting the top content for that year. Thanks for visiting Sharpe Investing this Year. I look forward to learning more with you next year.
1. Roth 401k Overview
The most …

From Long Term Capital Management to Amaranth, dramatic collapses of large hedge funds have occurred throughout the history of hedge funds. In general, hedge fund blow ups result from a similar series of events and financial elements.
1. Improbable Market Events
First, there is normally an improbable market event that effects the specific central investment or trading strategy of the hedge fund. For example, the 1997 Asian Financial Crisis contributed to the failure of Long Term Capital as widening spreads caused relative value trades to fail. Hedge funds frequently engage in this type of relative …

A summary and commentary of the previous weeks and next weeks economic data for August 3, 2008. This posts includes GDP and consumer confidence analysis.

This is part of a series of future posts summarizing and analyzing key points made by traders interviewed in Market Wizards by Jack D. Schwager. Market Wizards is a collection of interviews with some of the world’s most successful traders and investors including Paul Tudor Jones, Michael Steinhardt, and Bruce Kovner. The book is widely recommended by traders and investment professionals and is included on the Sharpe Investing Recommended Reading List.
This first post focuses on a section about Larry Hite titled Respecting Risk. Managing risk is the key focus of Hite’s investment strategy. …