Mar 16, 2016

You may remember the best selling book Liar's Poker by Michael Lewis (he also wrote The Big Short).  Liar's Poker was a close look at the inside dealings  of Salomon Brothers, and its  legendary boss John Gutfreund. Salomon had cornered the U.S. treasury market in the early 90s and was brought down by regulators. The 86 year old Gutfreund passed away last week, marking the official end of an era.   Steve and Sinclair review a new Wall Street Journal piece on Salomon and Gutfreund that is revealing and instructive, especially since Warren Buffett and Charlie Munger were involved in the bailout. Interesting piece.  In today's Q & A segment,  CFP Murray Titterington with IQ Wealth Management talks about Warren Buffett's annual letter to shareholders and dividend investing fundamentals.