Austin Papenthien

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Want to intern at a Wall Street bank? Here's the first thing they'll look for on your résumé

Last summer, Goldman Sachs had 59,000 applicants for roughly 2,900 intern positions.<p>So if you're going to drop your resume in a stack with thousands of others, you want it to look good.<p>We spoke with a former analyst at a bulge-bracket bank who's been through the process both as an applicant and, on …

Warren Buffett thinks the poor should stop blaming inequality on the rich

People need to stop blaming the rich for income inequality in America according to the third richest man in the world, Warren Buffett<p>In an opinion …

The 50 best burger joints in America, ranked

Our friends at Foursquare dug through their troves of user data to compile the list. Because the site now allows users to save and favorite venues they love, Foursquare was able to track down which burgers diners are raving about most across America.<p>To create this list, Foursquare included the …

Los Angeles

How to Write a Résumé That Stands Out

The resume: there are so many conflicting recommendations out there. Should you keep it to one page? Do you put a summary up top? Do you include personal interests and volunteer gigs? This may be your best chance to make a good first impression, so you’ve got to get it right.<p><b>What the Experts Say</b> …

You should be using these browser extensions to keep yourself safe online

The invention of the internet made it easy to do amazing things online, like buying junk in a single click, but unfortunately that also came with consequences, like companies being able track your every move as you browse.<p>You might not know it, but every website you visit is using one or more …

Warren Buffett's 23 Most Brilliant Insights About Investing

Buffett is undoubtedly the most successful investor in history. His investment philosophy is no secret, and he has repeatedly shared bits and pieces of it through a lifetime of quips and memorable quotes.<p>His brilliance is timeless, and we find ourselves referring back to them over and over again.<p>We …

Investing

Small Investors Are Bigger Than You Think

To borrow from Mark Twain, the death of the retail investor has been greatly exaggerated.<p>Recent data from the U.S. Federal Reserve shows that only 14% of U.S. households own individual stocks. To put that in context, as one news outlet did, there are more cat owners in the U.S. than retail …

Simple '4-7-8' breathing trick can induce sleep in 60 seconds

A deep breathing trick can make insomniacs drop off to sleep in under one minute, a health expert has claimed.<p>The method involves making a loud whooshing noise with the mouth then holding the breath in stages.<p>Called the ‘4-7-8’ method, it has been pioneered by the US sleep expert Dr Andrew Weil who …

Advice From The World's Top Market Minds

Five billionaires. A miser. A Nobel laureate. A Founding Father. We’ve rounded up the 20 finest market minds—dead or alive—and distilled their timeless wisdom into specific suggestions for stocks, bonds and funds you can buy today. Be warned: You just might get rich.<p><i>Investor profiles by: Tom</i> …

Why Everything You Know About The Financial Crisis Is Wrong

Everybody knows who the villains were in the global financial crisis, right? Greedy Wall Street bankers who lent money to anybody with a pulse, then bundled their crappy mortgages into securities they sold to gullible investors for obscene profits. Between subprime mortgages and exploding CDOs, …

Finance

Elon Musk Uses This Ancient Critical-Thinking Strategy To Outsmart Everybody Else

But while he dropped out of the program after only a few days, the field left an impression on the billionaire-to-be.<p>Perhaps most crucially, it trained him in <b>"first principles thinking,"</b> a mode of inquiry that relentlessly pursues the foundations of a problem.<p>"I think it's important to reason from …

Tesla

Investors Freak As Saudi Inaction Could Sink Oil To $20 A Barrel. Time To Buy?

<i>OPEC is not going to come to the rescue. It is up to American producers to cut oil supplies.</i><p>The world is freaking out over oil. After falling 6% on Monday, U.S. crude slipped another 4% Tuesday to close at $47.92. Brent crude is now down to $51.10. This is the lowest price since early 2009, when …

Goldman Sachs Expects The Stock Market To Follow A Very Specific Path In 2015

Goldman Sachs has a really specific view on the stock market in 2015.<p>In addition to having a year-end price target of 2,100 for the S&P 500, Goldman sees the benchmark stock index rising to 2,150 at midyear before declining as the Fed begins to raise interest rates in September.<p>Additionally, the …

Markets

Over The Past 150 Years, There Has Been A Profound Shift In What Humans Do With Their Time

Most human beings get about 75 years of existence.<p>That's about 3,900 weeks. Or 27,000 days. Or 648,000 hours.<p>We spend about a third of those hours sleeping, a number that hasn't changed much over the centuries.<p>What has changed is what we do with the remaining time.<p>As the following two charts show, …

Author's journey inside ISIS: They're 'more dangerous than people realize'

<b>(CNN) —</b> Juergen Todenhoefer's journey was a tough one: dangerous, but also eye-opening. The author traveled deep into ISIS territory -- the area they now call their "caliphate" -- visiting Raqqa and Deir Ezzor in Syria, as well as Mosul in Iraq.<p>Mosul, Iraq's second largest city, was taken by ISIS …

Best Books for Investors: A Short Shelf

By<p>Jason Zweig<p>Jason Zweig<p>The Wall Street Journal<p>Biography<p>@jasonzweigwsj<p>Google+<p>intelligentinvestor@wsj.com<p>I’m often asked, especially as the holiday gift-giving season approaches, which books I recommend for investors.<p>I haven’t kept exact count, of course, but over the past quarter-century I have …

After 96 Loan Rejections, This Guy Built A $750 Million Marketplace For Business Loans

Although his business was profitable and he had a healthy credit score, Hodges just couldn't get the loan he needed to expand his business. Banks repeatedly declined his loan applications and other online finance companies offered terms that "simply didn't make sense."<p>After getting turned down for …

Why These 2 Stocks Could Gain As Much As 60%

<b>Joel Salomon:</b> SaLaurMor Management was started up about 18 months ago. It’s a long/short equity hedge fund focused on financial institutions. We have a differentiated approach to investing. We analyze insurance company balance sheets and regulatory filings for risk-based capital requirements.<p>We …

FAA's new drone rules could be very restrictive, report says

The Federal Aviation Administration (FAA) will soon release new rules on the use of drones in the U.S., and they might be more restrictive than the …

Warren Buffett's Top 25 Stocks

NEW YORK (TheStreet) -- Warren Buffett is considered the most respected and successful investor. Often called "The Oracle of Omaha" for his …

MORGAN STANLEY: Here Are The 45 Best Stocks For The Long Run

In September, strategist Adam Parker said the S&P 500 could peak near 3,000 during this cycle.<p>In a recent note to clients, Morgan Stanley analysts identified 45 stocks that could work with the long-term recovery in mind.<p>"Given the extremely long time horizon, we were agnostic about current …

Investing

Why we need stock prices to fall 25%

In early October, as share prices wobbled, I had high hopes that U.S. stocks would plummet to attractive levels. Instead, shares have shot higher, …

One trader’s advice: Don’t aim to be a jack-of-all-trades

There's only one good strategy for trading online, says Mike Ser.<p>For a decade and a half, Mr. Ser has been trading independently online. He has mentored others like him and started a business, Ser Man Traders, training traders in Richmond, B.C. He also has partnered with one of the people he …

The Next Recession: Cause and Timing

I know it’s coming, but I’m not sure when. We will have a recession within the next few years, which is an easy forecast. Ten years is the longest we’ve gone between one recession and another, and we’re already five years past the end of the last one.<p>The Federal Reserve’s unwinding of its stimulus …

Are stocks too expensive now?

If you need some good news in your life, look no further than the stock market. U.S. stocks have staged an epic comeback in recent days with the S&P 500 now up over 10% for the year.<p>If the gains hold, it will be the third straight year of double-digit stock market returns. That hasn't happened …

Extreme Wealth Is Bad for Everyone—Especially the Wealthy

<i>Billionaires: Reflections on the Upper Crust</i> by Darrell M. West (Brookings)<p>When I was fourteen I met a man with a talent for restoring a sense of …

Income Inequality

Why a virtual goat video game is making real money

“You no longer have to fantasize about being a goat,” reads the description for the viral trailer for Goat Simulator, a PC game produced by the Swedish game developers Coffee Stain Studios. “Your dreams have finally come true!”<p>The Internet loved the video—thrown together as a joke during a …

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