Where do America’s biggest banks make their money?

Most people know the traditional banking model, if only from George Bailey in It’s A Wonderful Life. In simplified form: A bank takes deposits from savers, and pays them a low interest rate. Then it lends that money out to borrowers at a higher interest rate. The bank’s profits come from the difference between the rates.   Charming…but far …

Kayak to IPO under the name KYAK, valued at $1 billion

Kayak is expected to start trading tomorrow, after waiting nearly a year for the turbulent IPO waters to subside. Later this afternoon, Kayak is planning to sell 3.5 million shares at $22 to $25 each, to raise as much as $100 million, according to its latest document filed with the Securities and Exchange Commission. But …

The Intelligent Investor – by Benjamin Graham – “the best book on investing ever written”

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market …

The Intelligent Investor – by Benjamin Graham – "the best book on investing ever written"

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949. Over the years, market …

Unknown to most modern-day investors and traders – Reminiscences of a Stock Operator is one of the most important investment books ever written

Like you I dream of investing in the stock market to make money. Not big money but simple 10% returns, year over year. The trouble is that the market is so complex and confusing. It seems to take an infinite amount of time, research, and knowledge to make it work. To which, I respond, there …