Michael Lewis says Programmers Have Replaced Traders (video)

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Michael Lewis: Programmers Have Replaced Traders: Video - Bloomberg: "April 3 (Bloomberg) -- “Flash Boys” Author Michael Lewis and IEX President and CEO Brad Katsuyama discuss information tech on Wall Street on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg)"

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Zervos on Yellen, Investment Strategy (video)

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Jefferies' Zervos on Yellen, Investment Strategy: Video - Bloomberg: "March 21 (Bloomberg) -- David Zervos, chief market strategist at Jefferies & Co., talks about Janet Yellen's first news conference as head of the Federal Reserve and his investment strategy. Zervos speaks with Tom Keene and Alix Steel on Bloomberg Television's "Market Makers." (Source: Bloomberg)"

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Warren Buffett, 5 key investing tips

Warren Buffett's 5 key investing don'ts:
1. Don't let world events (like what's happening in Ukraine) affect your investing decisions....

2. Don't feel bad when stocks go down....

3. Don't think you have to be an expert to profit from stocks....

4. Don't go for the quick profit...

5. "Don't put your money into bitcoins for the long run."
"It's not a currency. It does not meet the test of a currency. I wouldn't be surprised if it's not around in 10 or 20 years. ... It is not a durable means of exchange. It's not a store of value. ... It's been a speculative—a very speculative—kind of Buck Rogers-type thing, and people buy and sell them because they hope they go up or down just like they did with tulip bulbs a long time ago." (read more at the link above)

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Too Big to Fail, Big and Getting Bigger

The Man With the Gold Makes the Rules --

Too Big to Fail Is Bigger Than You Think - Bloomberg View: "Problem is, too-big-to-fail status is an asset in itself. If equity investors expect to benefit from government bailouts in the future, they will place a higher value on the bank's stock today. As a result, the measured distance to default will also be greater, and the bank's counterfactual cost of borrowing -- along with the estimate of its taxpayer subsidy -- will be erroneously low. . . . It's crucial that we get our math as right as we can when measuring the taxpayer subsidy. As long as it exists, we're giving banks the wrong incentives."

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