knabe
Well-known member
here's some stats you won't see very often
Here's all you really need to know to see who lost and who benefited most at the Five Families of Wall Street, otherwise known as Goldman, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns. From the start of their 2004 fiscal years through yesterday, the big standalone investment banks lost about $83 billion of stock-market value. During the same period, they reported about $239 billion of employee-compensation expense.
seems like a lot of room to pay you the investor a little more. to me, this means don't invest with them. they are using your money to pay themselves more than you. the churn cost might be a little too high.
i guess i would have to conclude that most people including myself, aren't aggressive enough with investing. seems time to bypass the infection.
Here's all you really need to know to see who lost and who benefited most at the Five Families of Wall Street, otherwise known as Goldman, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns. From the start of their 2004 fiscal years through yesterday, the big standalone investment banks lost about $83 billion of stock-market value. During the same period, they reported about $239 billion of employee-compensation expense.
seems like a lot of room to pay you the investor a little more. to me, this means don't invest with them. they are using your money to pay themselves more than you. the churn cost might be a little too high.
i guess i would have to conclude that most people including myself, aren't aggressive enough with investing. seems time to bypass the infection.