#TBT: Today we look back to how we used to trade stocks. Slower Trades Our story (sort of) starts 225 years ago on Wall Street with the origin of the New York Stock Exchange (NYSE). Gathering in coffeehouses or under…
Fast and Slow Stock Markets
Goldman Sachs is asking $30 million for a firm that, 14 years ago, it purchased for $6500 million ($6.5 billion). The story (sort of) starts 222 years ago. Wall Street was where our first Congress met, where Alexander Hamilton lived…
Laotian Investing
Laos has a new stock market. Launched during January 2011, on its opening day, the Laotian Securities Exchange listed 2 state-owned businesses, a bank and a power company. News reports indicated that investor interest in their securities was considerable and…
Who Owns Deutsche Borse?
Hearing that Deutsche Borse will probably purchase the New York Stock Exchange, commentary focused on a German firm acquiring the symbol of U.S. capitalism. But who owns the German firm? According to the WSJ, Americans are major shareholders with 41%…
