“Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway.” –Warren Buffett

That quote is simply amazing because it highlights how ass backwards Wall Street actually is. Buffett is one smart dude, and as an investor it’s those bits of wisdom I always look forward to in the annual letter he pens to Berkshire Hathaway shareholders.

The good news is that even if you aren’t an investor in Berkshire Hathaway, even if you don’t know the difference between a...

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By Chris Reining / 5 Comments

The job of a financial analyst is simple: They write reports and issue an investment recommendation to either buy, sell, or hold a stock. To me, that sounds like an exciting job that would pay an honest wage. Unfortunately, a guy by the name of Henry Blodget was exposed for all that is not-so-exciting and dishonest about this trade.

Blodget rose to fame during the dot-com years when he predicted the share price of Amazon, a new Internet retailer, would hit $400. His predication rang true as the stock shot up...

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By Chris Reining / 4 Comments

Are you one of the people that get a paper paycheck, even though your employer offers direct deposit? Or maybe you get bills sent to you in the mail requiring you to keep track of due dates, write a check out, dig through the junk drawer to find a stamp, and then drop the payment in the outgoing mail, even though you could be receiving paperless statements and automatic bill payment?

In the past, and we’re talking the 1990’s, most of us were wasting hours of our lives handling our personal...

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By Chris Reining / 0 Comments