Financial Schools Reviews

Hello All, A volatile day that ended with the indexes finishing well off their highs.  Financials continue to weigh on the markets, and with the afterhours report that Goldman’s CEO has hired a attorney only brings into question what headline will follow.  Investors still look towards what Bernanke may say at Jackson Hole on Friday, and as accommodative the Fed may want to be, there are only so many tricks you can pull out your sleeve.  The only indicator we need to be focusing on is the price of Gold which has topped $1900, which is pricing in a disaster from Europe, and we may very well be at $2000 by weeks end at this rate.  This may have also been fueled by the reports out of Libya where Ghaddafi’s reign may soon be over.  Mi Full Article…

Warren Buffett earned $357 million in paper profits on Thursday simply on warrants related to his $5 billion equity infusion into Bank of America. Not bad for a day’s work.

In exchange for the Buffett brand name and $5 billion, the Charlotte, N.C. financial institution granted Warren Buffett the option to buy up to 700 million of its shares any time in the next 10 years for $7.14. Yesterday those warrants would’ve reaped the Omaha investor a nine-figure profit.

Such paper profits could be ephemeral should Bank of America’s stock drop dramatically and stay there. Full Article…

As a followup to yesterday’s post on stupid money, I wanted to share some thoughts about the so-called price anchoring. I first ran across the concept of price anchoring while reading Dan Ariely’s Predictably Irrational.

In short, price anchoring refers to the practice of establishing a high reference point against which you’ll compare prices when evaluating a deal. The goal here is to make the current price seem small by comparison. And guess what? It’s not very hard to do this because we’re hard-wired to make relative comparisons in such situations.

If you’re paying attention, you’ll see price anchoring at work all around you. The MSRP on that shiny new car? Anchoring. Th

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The things you don’t want to hear are often the very things you should be thinking about and focusing on.

Whenever my weight used to peak, the last thing I wanted to hear from anyone was a remark about my weight. It made me angry to hear it and I would often just walk away from anyone who remarked on it.

At the various points in my life when I was really challenged by my spiritual and religious beliefs, I would often get very upset with people who would speak out in opposition to whatever my beliefs were at the time. I did not want to hear criticism of whatever it was that I believed.

When my spending was at its worst, I would get incredibly defensive about how I was choosing to spend my dollars and cents. I

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Consumer and discretionary spending remain weak and industrial markets are slowing, Emerson said, citing Europe’s debt crisis and the U.S. budget impasse that is threatening a potential debt default as soon as next week.

Shares of Emerson fell US$3.38 to US$50.67 in late morning trade. Other industrial shares were lower across the board. Rival Rockwell Automation fell 3.1 percent ahead of its earnings report due Thursday.

Large European industrials were also down after the news. Shares of Germany’s Siemens AG were down 3 percent, those of Switzerland’s ABB Ltd were down 3 percent and France’s Schneider Electric was off 4 percent.

“We have seen a definite weakening of general business activity in June and July,” Emerson management said in a regulatory filing. “U.

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