Can't-miss stories from the Web
The social nightmare
It all began with a Hollywood-style road show and high hopes. But when Facebook's bullish internal revenue forecasts were revised downward – and hidden from investors – the wheels began to come off the IPO juggernaut. The Atlantic's Khadeeja Safdar chronicles the bankers and fund managers who made off like bandits, and the retail investors who got caught up in the frenzy and lived to regret it.
Lose money, just like the big guys
Goldman Sachs Asset Management announced the launch of a new mutual fund that will bring hedge fund investing to the masses. The question is, why would anyone want to buy it?
Old-school Buffett
A fresh faced (and barely recognizable) Warren Buffett offers his take on the stock market, way back in 1962.
Goldman takes on TBTF
Goldman Sachs analysts offer up a new take on too big to fail, basing their argument on the wobbly question of whether or not big banks borrow at lower cost than smaller banks.
2/20? How about 1/33?
Barry Ritholtz floats a novel idea on how to fix hedge fund manager compensation.
(Jody White is the Web Editor for Streetwise.)
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