Even if you think insurance is boring, you shouldn’t. The unfairness in insurance regulation boring. Why do regulators favor low-information, ill-informed investors? What does this say about our financial system, and about America?
How do you recommend a stock? Believe it or not, the rules on this are actually very strict–and you can get in trouble for doing it incorrectly.
Red Lobster is going bankrupt and a billion dollars of debt might go unpaid. How did this happen, and is there fraud involved? The answer is quite complicated, and it’s a great lesson on why deep financial analysis is extremely important.
You click a button and buy a stock, then it’s yours, right? In reality, you can’t be so sure what’s going on when you buy stocks or bonds from a brokerage–and there’s a good reason why.
Most workers on Wall Street aren’t wolves or math geniuses — in reality, the industry has a lot of room for smart people to apply a wide range of skills to get rich.
A recent scandal at Jane Street and Millennium over a top-secret options play that is extremely lucrative just demonstrates the potential for options–not to gamble (as retail investors so often do), but to boost returns by assessing risk miscalculations in the market. This happens a lot, and the only way to be on the winning side is to master options and all the option plays out there. No wonder it’s a big topic on the Series 7, and one you’ll need to master to work on Wall Street, even if you never touch an options contract in your life.