According to some prognosticators, the world is going to end. And just before that happens, you are going to lose all your money in the energy market. Why? They rely on three misguided arguments. Here's what they are and why they're wrong.
The 1987 movie Wall Street is one of my all-time favorite flicks. If you’ve ever read such best-sellers as Barbarians at the Gate, then you know the Oliver Stone movie about the Go-Go ’80s is a nearly perfect portrait of the greed-fueled, leveraged buyout (LBO)-driven era in the U.S. capital markets.
Gordon Gekko (actor Michael Douglas) was the “villain” – but the fictional corporate raider was also the film’s most interesting character. (In 2008, Forbes ranked Gekko as the fourth-richest fictional character of all time – and estimated his “net worth” at $8.5 billion.)