Archive for October 27th, 2007

TheStreet.com Video on the Federal Reserve

Saturday, October 27th, 2007

While in NYC, I did two videos on the Federal Reserve for TheStreet.com.  Here is the first of them.  The second one should be published soon.  Please pardon my inability as I express myself, but it’s a fair picture of what I look like, sound like, and how I think (or not) on my feet.

I got to see what a day at TheStreet.com is like, from the video facilities, to how coverage changes as news breaks (Merrill Lynch being the example du jour).  I got to meet several people face-to-face who I had never met before: James Altucher, Kristin Bentz (indeed fair-haired and ingenious), George Moriarty, Gregg Greenberg, Simon Constable, Farnoosh Torabi (of course), Mark DeCambre, and many other members of the staff.  Especially fun was lunch with my editor Gretchen Lembach.  I saw a few others that I knew (including James Cramer, who was in a good mood, but busy, as you can imagine.  I don’t think he recognized me.), but they were busy.  It’s a low key, fun, and connected kind of place; I’ve never seen as many monitors showing CNBC in one place, aside from some of the bulge bracket trading floors.

After my time at The Street.com, I had an interview with a major insurance company in NYC.  Hopefully something will come of that, even if it is only a consulting relationship.  One impressive thing about the company that I visited: the offices of the senior management were the most modest that I have seen in the industry.  In any business, that’s a good sign; it shows that they are concerned about the shareholders.

It is also possible that my relationship with TheStreet.com will expand as well.  I’ll be putting together a proposal for them, and we will see where it goes.  Oh, one more thing; if anyone reading this is short TSCM, do yourself a favor and cover.

Tickers mentioned: TSCM

Disclaimer


David Merkel is an investment professional, and like every investment professional, he makes mistakes. David encourages you to do your own independent "due diligence" on any idea that he talks about, because he could be wrong. Nothing written here, at RealMoney, Wall Street All-Stars, or anywhere else David may write is an invitation to buy or sell any particular security; at most, David is handing out educated guesses as to what the markets may do. David is fond of saying, "The markets always find a new way to make a fool out of you," and so he encourages caution in investing. Risk control wins the game in the long run, not bold moves. Even the best strategies of the past fail, sometimes spectacularly, when you least expect it. David is not immune to that, so please understand that any past success of his will be probably be followed by failures.


Also, though David runs Aleph Investments, LLC, this blog is not a part of that business. This blog exists to educate investors, and give something back. It is not intended as advertisement for Aleph Investments; David is not soliciting business through it. When David, or a client of David's has an interest in a security mentioned, full disclosure will be given, as has been past practice for all that David does on the web. Disclosure is the breakfast of champions.


Additionally, David may occasionally write about accounting, actuarial, insurance, and tax topics, but nothing written here, at RealMoney, or anywhere else is meant to be formal "advice" in those areas. Consult a reputable professional in those areas to get personal, tailored advice that meets the specialized needs that David can have no knowledge of.

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