Monday, August 15, 2022

Why You Should Still Be Invested in Stocks

By Nomi Prins

Editor's note: For the next few days in Empire Financial Daily, we're turning things over to our friend and colleague Nomi Prins from our corporate affiliate Rogue Economics... Nomi is a best-selling author, financial journalist, and former global investment banker who worked at Goldman Sachs, Bear Stearns, Lehman Brothers, and Chase Manhattan Bank. She left Wall Street behind to become an investigative journalist where she shed light on the broken financial systems making the rich richer. These days, she shares her insights with her readers at Rogue Economics – including the one we're sharing today... If the stock market has you losing sleep this year, I get it... It has been a wild ride for U.S. stocks, with the S&P 500 Index dropping as much as 24% earlier this year. Then, just a few weeks ago, stocks rallied... And they capped the best month for the S&P 500 since November 2020. It rose 9.2%. Still, the Fed's hawkish stance to tackle inflation head on is putting the cheap money in

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Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to more than $200 million.

Tilson graduated magna cum laude from Harvard College with a bachelor's degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.

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