Latest / Economics Matters with Laurence Kotlikoff
The Man Who Beat Goldman Sachs at Stock Picking — From a Trading Desk in Memphis
What does it actually take to consistently beat the market when 90% of professional fund managers can't, and what is a Wall Street veteran seeing right now that has him warning ordinary investors to get off margin immediately?
Steve Laffey has lived several lives in one. Raised in genuine poverty in Cranston, Rhode Island, he earned his way to Bowdoin College and Harvard Business School, landed on a trading desk at PaineWebber surrounded by guys with names ending in vowels, survived the crash of '87 up close, built Morgan Keegan into the most respected stock picking shop in the country…
The skinny
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