From the wreckage of Lehman Bros., a young, pedigreed banker has a new take on using the wisdom of the crowds to help users make wise investment decisions.
By Mina Kimes, writer
As Lehman Brothers slid towards its demise in the summer of 2008, many of the investment bank's younger staffers found themselves with time on their hands. One banker, Lowell Putnam, says his team passed the hours by working on their personal portfolios MOREOct 29, 2010 3:05 PM ET
Investors in the technology, information, and media space should expect a "culling of the herd," say two of the sector's big players.
"Looking at our portfolio today, it's either feast or famine," said Jonathan Nelson, CEO of Providence Equity Partners. "Some [companies] are knocking the cover off the ball." In subscription-based businesses, "growth has developed undisturbed," while those that have been hurt the most rely on an advertising model.
"People right now MOREBeth Kowitt, Writer - Jul 24, 2009 11:14 AM ET
If you're looking to make a quick killing on Apple in advance of a big iPhone announcement next Monday, you may already be too late.
That's the implication of a chart published by Piper Jaffray's Gene Munster in a note to clients Wednesday. Munster analyzed the movement of Apple share prices just before and just after nearly a dozen Apple milestone events dating back to 2004. What he found was that MOREPhilip Elmer-DeWitt - Jun 4, 2008 10:55 AM ET
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