Jose Rafael Fernandez

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The best advice no Wall Street summer intern wants to hear

One great piece of advice any banker/hedge funder will give to the new recruits isn't what they will want to hear.<p><b>Don't go to the Hamptons.</b><p>"You don't want to be in the Hamptons," one hedge fund portfolio manager, who also spent many years working at a bulge bracket bank, told us. "How are you going …

Deep in debt, Rubio bought an $80,000 speedboat and leased a $50,000 luxury SUV

The New York Times reports that while the senator was juggling multiple loans and mortgages, he bought a speedboat, a luxury SUV, and made questionable investment decisions.<p>Rubio has a history of accruing massive debts and then spending big when money comes his way.<p>According to The Times, Rubio …

4 things a leader should never do

We might not agree what makes a good leader, but we can agree what might make a bad one. Read more at: entrepreneur.com<p><i>Watch all the latest Entrepreneur video here</i><p><b>Follow BI Video:</b>On Facebook

The 17 Most Anticipated Openings for Summer 2015 in NYC

New York City

Why Greece is in trouble (again)

<b>Why is the euro zone still arguing about Greece?</b> <br>Greece cannot pay its own bills and debts, and is locked out of capital markets. It therefore needs …

Europe

Nobody goes there any more, it's too crowded

THAT Barcelona is one of the great cities on Earth is something on which most people can agree. The architecture, the fiestas, the food—it is a city …

Angela Merkel

Build it and they will come

THE small Polish town of Pacanow has survived wars, revolutions and floods. It is a nondescript place, but it has one advantage over cities renowned …

Europe

Secrets of the World's Best Wine Lists

Up until this year, I had been a strong admirer and customer of great wine lists, but had never had an occasion to truly analyze them or compare …

The Haggler addresses Premier Cru

The topic of wine futures has roiling the wine world recently. Yes, the lackluster campaign for Bordeaux 2014 futures has shaken some corners. But …

Bordeaux

The 50 Most Overpriced Hospitals in the United States

Spoiler alert: They’re not the best hospitals in the country. Is your nearest emergency room on this list?<p>If you had to guess the priciest hospital in the country, what would it be? The Mayo Clinic? Sloan Kettering? Some renowned urban institution that’s highly ranked by <i>U.S. News & World …

Health Care

Meet Smart Luggage, the Must-Have Travel Gadget of 2015

Just as the year’s latest and greatest tech gadgets are being introduced at the annual Consumer Electronic Show in Las Vegas, another must-have …

Flying

The Best Savings Accounts of June 2015

<i>The article Best Savings Accounts of March 2016 has been published on Forbes.com. You can read the updated article here.</i><p>When will interest rates increase? The financial press has been hanging on every word of Janet Yellen for months, waiting for an indication that the era of ultra low interest …

What I Learned from Warren Buffett

W<i>arren Buffett: The Making of an American Capitalist,</i> Roger Lowenstein (New York: Random House, 1995).<p>Roger Lowenstein begins his new biography of Warren Buffett with a disclaimer. He reveals that he is a longtime investor in Berkshire Hathaway, the company that under Buffett’s guidance has seen …

Investing

5 Undelivered Speeches That Would Have Changed the Course of History

1. “In Event of Moon Disaster”<p>As the world nervously waited for Neil Armstrong and Buzz Aldrin to land on the moon, Nixon speechwriter William Safire …

Kristen Bell

A $300 billion institution is about to make a move that will send chills down all of private equity's spine

Next Monday, The Wall Street Journal reports, the California Public Employees' Retirement System (Calpers) will slice the number of private-equity firms and real-estate funds in half.<p>This is a huge deal.<p>With over $300 billion under management, Calpers is the largest public pension fund in the …

Daily Meditation: Sweet Love

We all need help maintaining our personal spiritual practice. We hope that these Daily Meditations, prayers and mindful awareness exercises can be part of bringing spirituality alive in your life.<p>Today's meditation features a song by Australian neo-soul ensemble Hiatus Kaiyote. Full of tenderness …

American Pharoah owners racing to capitalize on champ's name

Goldman Sachs confirms: This really is one boring U.S. stock market

You can't say that David Kostin didn't warn us that 2015 was going to be one boring year for U.S. stock market returns.<p>How boring is it, you ask? (Presuming, that is, you're old enough to remember Johnny Carson.)<p>So boring that CSPAN should probably add a market correspondent.<p>So boring that Kenny G …

The 10 things in advertising you need to know today

<b>1. The actual launch of Facebook's Instant Articles has been slower and less dramatic than anyone expected.</b> Facebook posts links to all its Instant Articles on a specific timeline, but has not published any stories since launch.<p><b>2. YouTube network Machinima is trying to take the guesswork out of</b> …

Wells Fargo Conversations

Diversification can provide potential advantages that go beyond overall returns. But first, you need to know what you're trying to achieve.<p>Don't let …

REITs and Your Investment Portfolio

<b>Updated January 2017</b> — "REIT," pronounced "reet," stands for Real Estate Investment Trust. REITs invest in and operate commercial real estate.<p>"In my …

Investing

Three excellent, less-crowded-than-the-Louvre Paris museums to explore

Despite what the song says, winter isn't the only time it drizzles in Paris. On average, you can expect rain at least one of every three days in the City of Light — and not so light rain, at that.<p>The savvy traveler needs a contingency plan when it's too wet to wander. One solution: ducking into one …

17 ways successful people think differently about money

5 types of emotional intelligence all great leaders have mastered

The ability to be perceptively in tune with yourself and your emotions, as well as having sound situational awareness can be a powerful tool for leading a team.<p>The act of knowing, understanding, and responding to emotions, overcoming stress in the moment, and being aware of how your words and …

Apple is expected to soon unveil the biggest overhaul of iTunes since its launch

In the biggest overhaul of iTunes since it was launched in early 2003, the service was anticipated to include an option of subscribing to streaming music for $10 monthly.<p>Analysts and industry insiders believe rebranded "Apple Music" will be introduced on Monday during a keynote presentation kicking …

So why the hell didn't quantitative easing produce HUGE inflation?

<b>Worstall @ the Weekend</b> After all, a large number of people insisted it would...There's two simple answers to the question of why quantitative easing …