San Francisco Chronicle By Leland H. Faust In 2016, for an eighth consecutive year, the average hedge fund trailed the return of the benchmark S&P 500 index. That underperformance has averaged more than 5 percent each year. But that didn’t stop the top-paid hedge fund managers from raking it in, regardless of their fund’s poor
Huff Post By Leland Faust, Contributor After the first two weeks of the 2017 major-league baseball season, it was reported that the average length of a nine inning game had increased to about three hours six minutes, or about five minutes more than last season. So it would seem that so far MLB’s efforts to
Huff Post By Leland Faust, Contributor With the NFL draft starting this evening, we have been treated to the annual round-the-clock analysis of who will take whom and which players will be the League’s next stars. But as I think most of us know, the draft is really overrated. Despite the teams spending God knows
Inc. By Mandy Antoniacci Picture it. You finally hit that thrilling pinnacle of your life–fame, fulfillment, and the fortune that comes with it. And I’m not just talking about some money, I’m talking about the this is a dream come true kind of bank. Seemingly overnight, you went from the monthly financial responsibilities of “roommate-shared
By Kevin Kruse, CONTRIBUTOR
Would you like to cut through all the Wall Street bull and know the right way to invest your money? There’s so many people out there telling you they know what’s best, from the financial media to whoever’s playing on the hot trend of the moment. But who really has it right?
Leland Faust is an author, speaker and a triathlete — and he’s also the founder of CSI Capital Management, where he used to supervise over 1.5 billion in assets for 30 years. He’s been named a Barron’s Top 100 Mutual Fund Manager, and was more recently named as a Top 100 Independent Investment Advisor. His new book is A Capitalist’s Lament, which unmasks the Wall Street firms as entities that mislead us, overcharge us, and often expose us to too much risk. I really encourage anyone who’s interested in not just their own money but literally the future of America to read this book.
San Francisco Chronicle
By Leland H. Faust
Donald Trump ran on a populist platform. That is, when he was not ranting about immigrants bringing in drugs or raving about his TV ratings. As for government, he promised to drain the swamp in Washington. We’ll see. But what about the swamp on Wall Street? Not so much. Exhibit A: administration plans to derail the fiduciary rule for retirement plans. Apparently, the noxious greed of the nation’s financial establishment is safe from Trump’s dredging, in this case, at the expense of retirees, many who voted for him.
A Capitalist’s Lament Leland Faust talked about his book A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America, in which he argues that regular Americans are being fleeced and exposed to high level risks by Wall Street financial firms that are only interested in increasing their own bottom line. Mr. Faust spoke with Roy Eisenhardt.
Sports Business Journal
By Liz Mullen
Leland Faust, who has spent more than 30 years as a financial adviser to hundreds of athletes, has written a book that takes on Wall Street practices.
Stockerblog – The Stock Market Blog
Rarely have I found a non-fiction book that is a page-turner, but the book A Capitalist’s Lament: How Wall Street Is Fleecing You and Ruining America is one of those books. The author, Leland Faust, goes into detail about how investors are being taken by Wall Street.
Don’t get the author wrong. He is not anti-capitalist, he is what I would call pro-moral capitalist (which is also how I would describe myself, by the way). He is just bringing to light all the ways that the average person is being taken advantage of, on a financial basis.
Although I am familiar with what he covers on a general basis, the author covers the specifics, everything from over charging to fraud. For example, Chapter 2, called Big Is Not Beautiful, is significantly devoted to Goldman Sachs. He points out 37 different instances of fines, security violations, and other issues of the firm.
U.S.News & World Report
By Jeff Brown
Most investors know how mutual funds work: investors’ money is pooled and used to buy assets like stocks and bonds. If all goes well, the fund’s share price rises and investors can cash out by redeeming, or selling their shares back to the fund company.
Share price, or “net asset value” (NAV), is figured by the fund company after the market closes each day, by dividing the total value of the fund’s assets by the number of shares outstanding.