Crooks, Charlatans & Financial Planners
November 8th, 2008
Some changes , it will seem will come from outside your sphere of influence. Indeed these will seem beyond your control. Be prepared for any and all diversions and distractions that will down your pipeline and in your direction. The amazing part about the road to success is that once you have established yourself and the cash is rolling in , how all of the con artists in the world , so to speak will arrive at your doorstep and within your view. No one – no “financial planner” , or “investment analyst” or even your banker paid any attention to you in any manner previous – and yet here they are . Its amazing how they found you – out int he wilderness and wish to tell you all their tales. Its as if they “are from elmwood, you are from better side of town ” and whammy their purpose in life is to pluck you clean – and be proud of it in the meantime. The message as with the control freak, ( indeed the two are intertwined) , stay as far away from these people at all costs. It is not an adventure that is cost free , or you wish to take. It will not be worth it. It is not a matter of entertainment. These people , of low scruples and morality , how only one mission in life – that is to take away other people’s money , wealth and riches . All with a degree of glee at “how smart they are”. They may be associated with big firms or even banks , they may drive nice cars – even exotic foreign cars , they may dress in luxurious italian suits – and yet in the end they are all the same. The only differences between them are in what “end of town” they reside , and to whether they have served time in Stoney yet.
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The Big Bonus Will Live On Forever [Wall Street] – What are the chances the big, fat Wall Steet bonus will go the way of the three-martini lunches (or mortgage-backed securities)? “Slim to none,” says John Gutfreund, the former CEO of Salomon Brothers and the man responsible for ending … What? No bonus? – There is a widespread belief that the way Wall Street awarded bonuses in recent years helped feed the risky behavior that eventually created big losses on exotic debt securities and helped create the current crisis. … Wall Street Bonuses – Each One According To His Greed – I have to say that I know people who work on Wall Street and realize how important their bonuses are in terms of their compensation. Wall Steet bankers chose to get the hell beat out of them daily on the hope that at the end of the year … For Sparcam, other Lurkers, and Friends, Several times over the … – Several times over the past week I have been asked to explain the financial mess we are currently in, given my past experience on Wall Street. Here is my attempt to make it as simple as I can, not to talk down to you, but to recognize … |
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