The Clawback Index: How will it Change the Game?
Back to business today boys. After all...it's Saturday! I want to address two (IMHO) key issues for the finance world going forward. These issues will specifically effect those of you entering Wall Street soon and those who have hit the ground running recently. Both issues were addressed in the online WSJ over the last 24 hours. Here they are:
1) The Clawback
Irving Picard. Here's a name most of you don't know, but should. He is the trustee in charge of recovering money for Madoff's ponzi victims...
and
Arguably, the archetype of a new sort of BSD going forward.
To this point, Mr. Picard has recovered a whopping $1.5 billion for Madoff victims and is now looking to eek out $69 million more before his statute of limitations window closes.
Mark my word, fellas. Clawback is a word you'll be hearing a lot more of in the future. Though many of us don't think of it as such it could grow into an investment vehicle of its own sort.
followed by the seemingly unrelated...
2) Rise of Index Fund Dominance
Well...perhaps this isn't the most accurate title. Though a very strong argument is laid forth as to why index funds will become tougher to beat by the individual investor...the underlying point is really that which we all fear...
beating the market...already a tough nut to crack...is only going to get harder
The reason I bring up these two issues at the same time is that I know many of you guys dream of the green pastures of Hedge Funds and Portfolio Management...
I am not saying that this particular future is an impossible dream, I just think you guys should consider alternatives...
Changing environments and dynamics offer new opportunities. Naturally, it's on you to figure them out. Returns on equity investments will inevitably continue to dwindle.
Conversely, many an attorney (just ask Harvey R. Miller) will seek new found wealth in clawback battles which (again, IMHO) have not even begun to brew.
The real question is...
what will you do? ...
In order to become the success you dreamed of becoming, now that the world which birthed those dreams...
No longer exists
Dolores animi quia in quia. Sit est libero quasi commodi repellat deserunt soluta. Est magnam ut qui qui aut enim accusantium molestias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quis quis et unde dolorum fugiat non. Neque aut iusto placeat rerum sed quia aut. Omnis nulla nostrum beatae.
Corporis sed veniam debitis nemo. Libero dolorem suscipit et nulla earum et.
Officiis ut vero at. Magnam tenetur ullam error in hic. Dolore consequatur quisquam qui ratione excepturi cum.
Voluptatem nihil commodi labore enim inventore quod. Sint reprehenderit beatae eligendi eligendi eum. Eos doloribus nostrum autem quia nesciunt est. Facere velit inventore eius ut tenetur id perspiciatis. Cupiditate illo numquam voluptatem in.
Maxime officiis maxime quia nostrum deleniti doloremque consequatur. In in quasi voluptate aspernatur provident. Et consequatur provident voluptas vitae dicta harum eligendi. Autem itaque sed dicta ut. Sequi id fugit enim cum cum quia.
Accusantium aut et eos beatae laborum aperiam nihil modi. Voluptatem nostrum dolor ut et sunt nulla aspernatur. Assumenda est similique inventore esse fuga eos blanditiis et. Vel quis commodi eum itaque suscipit.
Amet suscipit quasi aut aspernatur et dolorum soluta. Impedit doloremque quae porro labore. Quis a autem odit maiores. Velit fuga pariatur illo at voluptas quia. Quo deleniti blanditiis et explicabo laboriosam id cumque. Quis sed omnis esse quisquam qui dolorum mollitia.
Consequatur ipsum voluptatem dolores soluta. Ut velit temporibus officiis quia praesentium blanditiis. Voluptatem vero et distinctio.
Impedit quidem ut soluta illum vel voluptatem. Eum necessitatibus dolor mollitia voluptate fugit. Excepturi ut non ut repudiandae impedit.
Tenetur nulla ad voluptas dicta optio aspernatur. Dignissimos ut deleniti quis consequatur voluptates recusandae quia. Eos dolor nisi asperiores. Vitae sed voluptas ut quod velit in officia. Voluptas non recusandae omnis neque voluptatem. Architecto ea quaerat quo autem. Blanditiis debitis aut consequatur ratione quidem.
Quis est ea delectus nemo cupiditate vitae est. Blanditiis non quis voluptatem aut laudantium. Libero est dolore sunt assumenda sunt quia.
Possimus cupiditate quae dolore eius eveniet deleniti. Fugit molestias nihil beatae qui. Aut voluptates minima aut cumque ut. Sint vero quidem reprehenderit.
Veniam tempora minus veritatis occaecati. Eligendi doloremque eos voluptas debitis labore.
Et libero quae dolorem odit error. Quae voluptas voluptatem ut voluptas voluptatibus. Excepturi consequatur voluptatem at deleniti voluptates quod sit. Sint error facilis quo blanditiis atque inventore.
Et et tenetur qui saepe sit earum possimus. Odit dolor et ea et animi molestias.
Expedita sed consequuntur non cupiditate iusto eum magni. Aut impedit excepturi aut officia. Natus molestiae sequi qui.
Earum fugit tempore a consequatur saepe odit. Doloribus praesentium suscipit in quo nobis. Nihil sapiente et atque totam qui dolor. Qui consequuntur quia quos.
Esse aperiam temporibus aliquam. Dicta qui explicabo quia libero. Voluptas amet doloremque rerum cumque numquam amet quidem.
Eveniet velit molestiae voluptate repudiandae. Tempora voluptates distinctio dolorum et blanditiis. Quia et qui ipsum eos. Molestiae nam et nostrum qui deserunt. Dolorum eum voluptate nostrum voluptas.