Levin: Examine the forces that impede your choices on finances and career

  • Article by: ROSS LEVIN
  • Updated: March 10, 2014 - 5:52 PM

I was on an elevator in Texas when a Hispanic housekeeper looked at me and said, “For an old man, you have nice hair.” I laughed and said, “Thank you.” I was not inclined to take her words as a compliment, but I don’t think that she meant them as an insult. I had a choice to be either a little hurt by the old man part, a little flattered by the nice hair part or pleased that someone who was not fluent in English felt comfortable enough to talk to me.

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mauianSep. 30, 13 6:28 PM

Any average Joe that invests in the "market" today is a fool. Everything is being rigged. There is no price discovery. Interest rates, Libor, gold, silver prices, Forex markets, etc all rigged. Wall Street banks get info before anyone else does and have computers to engage in high frequency trading. They buy and sell 2,000 stocks before you can click your mouse. And then there is the fraud. PIMCO's mutual fund made a $10 billion profit by buying huge amounts of the same MBS that the Fed bought during its "quantitve easing" program. It's total coincidence that another division of PIMCO was hired to help the fed BUY those MBS's. Banks made profits in every single day for entire quarters? And you think you can beat them at this rigged game? Fools.

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