“Failure is success in progress.” Albert Einstein We spend much of our lives trying to avoid failure. We study in school, wear protective gear when playing sports, and try to make the best, most informed decisions when it comes to our careers. We are wired to avoid pain, and failure is painful. Yet the irony […]
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Introverts are getting a lot of positive press lately, likely due to Susan Cain’s bestseller, Quiet: The Power of Introverts. In the book, Cain extols the oft-overlooked virtues of introverts in society. She posits that we have engendered a “cult of personality” that benefits the extroverted among us. However, successful leadership comes in many personality
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The financial world woke up to a surprise this morning: Bill Gross, co-founder of asset manager Pimco, announced he was leaving the firm to join Janus Capital Group, a mutual fund company better known for its equity products than the fixed income strategies Gross is well known for. While the move itself is surprising, tensions
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Globalization has made our world smaller and more connected; it has also created markets with a higher correlation to each other. World events and political unrest, known as geopolitical risk in the investment world, have a broader impact today across regions, including the US. Tensions or strife abroad can be felt in US markets when
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Smart beta might just be the next big thing in investing, but what is it and what can it do for you? At its most basic, smart beta offers investors an alternative to both active and passive management. Active management, which is mostly reliant on a manager’s skill in security selection, seeks to outperform a
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In 2008, as the US economy began its historic slide into the Great Recession, one solution to bolster the sagging economy was the Federal Reserve’s quantitative easing (QE) program. Each month, the Fed would purchase bonds such as Treasuries and mortgage-backed securities that banks were eager to dump. The Fed brought this debt onto its
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The role of chief operating officer has typically been relegated to the background while the CEO takes front and center stage. Understandable, since the CEO is typically the face and voice of the company. The COO’s role is internal and much of the work is done behind the scenes. However, more attention is being paid
Chief Operating Officers: The Unsung Heroes of the C-Suite? Read More »
Social media has rapidly changed the business landscape over the last several years. Between marketing directly to customers on Facebook to networking on LinkedIn, businesses have the ability to connect with customers and engage with employees in ways not possible in the past. However, financial services companies have been largely unable to access this shift
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Michael Lewis, the author of books such as The Blind Side and Moneyball, has written another book, this time focusing on the world of high frequency electronic trading (HFT). In Flash Boys: A Wall Street Revolt, he tells the rather complex story behind HFT and how it may be costing investors millions – and not
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The idea of working until age 65 and collecting a pension is no longer a viable plan for retirement. The first wave of baby boomers is forging new ground in their golden years, such as do-it-yourself retirement investing and second (or third) careers as they live longer and in better health. Financial managers who understand
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