Thursday, 23 October 2014
Last updated 3 hours ago
Apr 26 2011 | 3:30pm ET by Deirdre Brennan
This week’s CNBC episode of American Greed profiles our second, make that third, favorite scam artist, Arthur Nadel.
The so-called ‘Wizard of Sarasota’ (a name clearly made up by the folks at CNBC) bilked investors in his six hedge funds out of $162 million. While he wasn’t as creative as our second favorite fraudster Samuel 'suicide is painless' Israel when writing his goodbye note, just like Sammy, he is very much alive and is now kicking it in a federal penitentiary—the Butner Federal Correctional Complex to be exact. He’s is good company, Butner is where arch-fraudster Bernie Madoff is spending his remaining days. So, if you haven’t gotten your fill of frauds with our Hall of Justice section, you may want to tune in (see trailer below).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...