layoffs or lack thereof
Billionaire hedge fund manager Steven A. Cohen may see the last of his outside investors […]
Great news for anyone who’s been sitting nervously at their desk at Morgan Stanley the last few days, wondering whether or not their boss was about to tap them on the shoulder to go have a chat with HR: if you’ve made it this long, you’re safe! There will be no more human layoffs for the foreseeable future (plants may still be at risk).
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
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Dan Egan, Betterment Director of Behavioral Finance and Investing
Rumors began to circulate late last year that Jefferies could be acquired by a large […]
People being the operative word here, as the statement “we’re going to look for other means for efficiency” most certainly suggests plants may once again find themselves on the chopping block.
After a year of cost-cutting that resulted in more than 2,400 job cuts, Goldman Sachs is satisfied with its staffing levels and doesn’t intend to conduct more large layoffs. Chief Financial Officer David Viniar said the firm has “largely implemented our announced expense reductions” and is “relatively well-positioned, assuming the environment stays where it is.” He was speaking on a conference call with analysts to discuss first-quarter earnings. “We’re going to look for other means for efficiency,” he said. “I wouldn’t expect anything major to change from where we are.”
The Germans would like to put it out there that they have no plans to […]
According to Chaz, Goldman is the only firm that is “actually planning” on cuts (whereas […]