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| | "In Hollywood, Nobody Knows Anything," wrote screenwriter William Goldman, explaining why smart studio executives so often produce duds, but the sentiment could equally hold true for Wall Street commentators when markets swoon. ...
Personal Capital Launches SRI Strategy
Digital advice provider Personal Capital has launched a Socially Responsible Personal Strategy. Accessible to customers at no extra charge, the strategy screens U.S. equity holdings based on environmental, social and governance (ESG) factors and uses the company’s Smart Weighting methodology to balance exposure to size, style and sectors within U.S. equities. ...
Charles Barkley Admits to Losing $4 Million in Fraudulent Investments
Former NBA basketball star Charles Barkley admitted in a deposition in November that he lost more than $4 million in the past decade investing in companies controlled by his friend, Alabama lawyer Donald V. Watkins Sr. Al.com reported on the deposition, which was taken as part of the SEC's civil lawsuit against Watkins, claiming he defrauded investors, including current or former professional athletes. In the deposition, Barkley says he invested in the companies because he trusted Watkins, instructing his financial advisor to make the deals. ... |
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