Once a nation turns its back on a resolute determination to cultivate moral deservedness, political and financial superintendency passes to those who gain power illegitimately--a fact described eloquently by President Theodore Roosevelt.
When it comes to matters of the heart and wallet, we wanted to know what these life and finance gurus carry around with them.
The Beatles are often credited as the greatest rock band of all time. Their following is huge now, but if you look at their beginnings you'll discover something else about the Beatles. They are great content marketers.
Brian Belski, the chief investment strategist at BMO Capital Markets, opines that the S&P 500 may go to 1,900 now that the Federal Reserve has decided to not taper its asset purchasing program. He is correct. It might go to 1,900. Then again, it might not.
Fibonacci was a brilliant mathematician, but even he couldn't predict tomorrow's news. Don't bet your financial future on anyone who says they can.
How would you like to invest $10,000 and watch it grow over twenty years into $1,461,920? Well that's what happened at the giant hedge fund, SAC Capital Advisors, which made a 30 percent return for 20 years in a row.
The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.
It's your choice. You can follow the bloviating hype of Cramer or the sound research of William F. Sharpe and many others. Which do you think is really "the best of the best"?
CNBC long ago made the business decision to operate like a casino in that they know they are going to cost you money, but they hope to provide enough pleasure in the meantime that you think it's worth the price to stick around.
When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?
Picking the country where stocks are likely to outperform is akin to gambling. Did Cramer pick Turkey in late 2011 as the top performing country in 2012? Why do you believe his predictive powers are more accurate this year?
Since women outperformed men, how did they do against market and risk-adjusted benchmarks? The same study demonstrated they underperformed.
While CNBC's fear of engaging in balanced financial reporting is understandable, because of its reliance on the securities industry for advertising revenues, its lack of ethics is indefensible.
Obviously, Jim Cramer is not always wrong. He has picked many winners, but overall his record is no better than one you would expect from random chance.
Before the liberals write the GOP's obituary it would be wise to acknowledge the role other "bubbles" play in inventing new and ingenious ways to get people to vote against their own self-interests. Rather than one all-encompassing "bubble" that hermetically seals the Republicans inside their media universe, there's no shortage of other equally important bubbles that serve corporate power. These bubbles often overlap in influence and personnel and still possess the awe-inspiring ability to persuade public opinion on the problems of greatest magnitude facing the United States today. Although it was amusing on election night to see Karl Rove on Fox News refuse to accept the reality of President Obama's Ohio victory, we shouldn't be too quick to draw totalizing conclusions from the Democratic victories.
I applaud Cramer for taking on the 401(k) industry. Now he should do investors a huge favor by either dispensing academically-based advice about the perils of market timing, stock picking and fund manager selection or go off the air.