Joe Nissim, CFA, CFP®’s Post

🍀Warren Buffett & Lehman Brothers!🍀 Warren Buffett was approached by Lehman Brothers during the 2008 financial crisis to help bail out the struggling investment bank. Lehman Brothers was on the brink of collapse due to its massive exposure to subprime mortgage-backed securities. The bank hoped that Buffett's investment would restore confidence and stabilize its financial position. Lehman Brothers reached out to Buffett with a proposal for him to invest in the firm, similar to his earlier bailout deals with other companies (like Goldman Sachs and Bank of America). However, the deal never materialized. Buffett declined the offer due to several concerns: 1. Lack of Transparency • Buffett was reportedly uncomfortable with Lehman Brothers’ balance sheet and its lack of transparency regarding its liabilities. He was uncertain about the bank’s true financial state. 2. Timing and Terms • Lehman’s proposed deal terms and the timeline of negotiations didn’t meet Buffett’s strict investment criteria. • Buffett has always been cautious about terms that could potentially put his capital at risk without sufficient upside. 3. Government Involvement • There was uncertainty about whether the U.S. government would step in to bail out Lehman Brothers. • Buffett didn’t want to risk his money if the government wasn’t going to support the firm. Ultimately, Lehman Brothers declared bankruptcy on September 15, 2008, marking the largest bankruptcy filing in U.S. history. The collapse had a significant impact on the global financial markets and contributed to the deepening of the financial crisis. Buffett’s refusal to invest in Lehman Brothers is often cited as an example of his cautious approach to investing, even during moments of crisis. Investment Rule #1 - Never Lose Money. Investment Rule #2 - Refer to Rule #1. #GrowviaViA #ViAHuatMePls #ValueInvesting #ValueInvestingAcademy

Open, honest and candid discussion on Fidelity's deal with insurers, the DOL fiduciary rule, academics' criticism of the DC system, Franklin Templeton's integration of Putnam and more. http://spr.ly/6048pecd6 #WealthManagement #401k #retirementadvisor #retirementplanning

Bill Gross - The 2 Trillion Dollar Bond King Early Life and Gambling Influence: Bill Gross, inspired by a book on blackjack strategy during recovery from a near-fatal car accident, applied its principles to turn $200 into $10,000 within six months. His success in gambling shaped his belief in strategic betting based on mathematical advantage, a principle he later applied to financial markets. Career in Finance: Joined Pacific Mutual in 1971, where he advocated for active bond trading during a period of high inflation, pioneering strategies that anticipated market movements. Co-founded PIMCO in the 1970s, growing it into the world's largest bond fund manager by emphasizing active management and innovative trading approaches. Market Predictions and Financial Crisis Management: Predicted and warned about the dot-com bubble and the 2008 subprime mortgage crisis ahead of time, positioning PIMCO to profit while avoiding substantial losses. Legacy and Influence: Built PIMCO into a powerhouse with trillions of dollars under management, earning billions personally and influencing financial markets globally. Despite significant achievements, faced internal power struggles at PIMCO, leading to his departure in 2014 and subsequent move to Janus Henderson. Retirement and Lasting Impact: Retired from active fund management in 2019, concluding a storied career marked by foresight in market trends and impactful financial strategies. His legacy remains as a pioneering figure in bond trading, known for applying unconventional thinking and mathematical rigor to financial markets. #BlackjackToBonds #PIMCOFounder #MarketProphet #FinancialInnovator #LegacyOfLeadership

Looking forward to a conversation with Jamie Dimon Georgetown University Georgetown University McDonough School of Business Psaros Center for Financial Markets and Policy's #FMQ #Finance #Bank lots of topics to cover

Just tossed your cap? Congrats, grad! 🎉 Take a moment to dive into essential financial advice for recent college grads on etf.com, featuring insights from Bryan Cassick, MBA, CFP® of Warren Street Wealth Advisors. Explore the complete list of tips to navigate your post-grad finances effectively. 🎓💼 https://lnkd.in/ghmeTJuu #WarrenStreet #CollegeGrad #FinancialAdvice #NewBeginnings

Jim Simons the man who beat Warren Buffett. Simons fund generated an average annual return of over 62% from 1988 to 2021. What makes Jim Simons' story so fascinating is not just his financial success, but the unconventional path he took to get there and the principles he followed along the way. Unfortunately, he passed away on 10th May 2024. So, join us as we delve into the extraordinary life of the late Jim Simons and uncover the invaluable lessons he has to offer. Whether you're an aspiring investor or a curious learner, the insights from Simons' life can guide you towards a path of success and fulfilment. #jimsimons #warrenbuffet #money #investing

Wealth Manager vs Stock Broker: Understanding the Difference https://lnkd.in/gsZqQYek Join Mr. Brad Connors, owner and wealth manager at iWealth, as he discusses the distinction between wealth managers and stock brokers.

The difference between Rich and Wealthy 💸 Someone who just won a lottery is rich. Are they wealthy? 🤔 Let’s see in 10 years. Most of the people like that will lose it  and go back where they started. Look at the #NFL players. 🏈 Almost 80% of the players  faces serious financial issues after they retire. And they make MILLIONS per year. 🤑 It’s like a real life Monopoly,  you can be the richest player. But if you don’t invest  you’ll just transfer your wealth to others. And it’s completely fair. Otherwise rich would stay rich and poor would stay poor, forever. That’s not the case. Do you want to learn about money? 🧠 Check out my LinkedIn Series about investing. 👉 #10DaysToInvest P.S. Don't forget to follow 👉 Kornel Dubieniecki #KD #Money #Investing #Stocks

Excited to be speaking at Bloomberg’s The Future Investor: Harnessing Innovation Amid Volatility event in Dallas on October 1. I’m looking forward to joining Bloomberg's Diksha Gera, Goldman Sachs’ Scott Mueller, & the Texas Stock Exchange’s Nicole Chambers to discuss the exciting opportunities for investors in today’s markets and how Wealthfront leverages technology to help meet our clients’ needs. https://lnkd.in/gWbSEjtN Disclosures: This communication is from an employee of Wealthfront Corporation. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront Advisers or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Investment advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Brokerage services are provided by Wealthfront Brokerage LLC, Member FINRA/SIPC.

In a recent Asset TV U.S. Masterclass, Brandon Zureick, CFA offered perspective on risks and opportunities in Fixed Income markets. Along with Brian Kennedy of Loomis, Sayles & Company, the conversation covered treasury issuance trends, the current environment in credit markets, the growth of Private Credit, as well as themes that could impact inflation and interest rates going forward. https://lnkd.in/eH853Ztn #JohnsonAssetManagement #InterestRates #FixedIncome #AssetTV Disclaimer: Johnson Asset Management cannot promise future results. Any expectations presented here should not be taken as any guarantee or other assurance as to future results. Our opinions are a reflection of our best judgment at the time this material was created, and we disclaim any obligation to update or alter forward-looking statements as a result of new information, future events or otherwise.