I’m suppose to be interviewed live this Tuesday at 10:20AM EST on Steve Crowley’s American Scene Radio Show. It’s hard to believe but Steve interviewed me 20 years ago for ABC’s “Good Morning America” and called me the “Wall Street Whiz Kid” (I milk that ever since). I don’t know if this interview will be archive anywhere.
Go to this link It should show a video of an interview with Frank Capiallo. Any long time stock player should remember the old show “Wall Street Week”. Frank was a regular. No one I know is more qualified to be the five-star general of the “Don’t Worry, Be Happy” crowd on Wall Street. The joke during the years on Wall Street Week was Frank was never, ever bearish (sound familar?). He was of course badly wrong more times than not (just like this interview). But always being long is what always sells and why people like Frank can prosper despite being more wrong than right.
Peter ,,, this Capiallo dude is why I’ve never watched much of the so called “business news” … I’d hear complete stupidity and as much as I might be able to benefit from knowng more, I thought it would be exploitave …. any one who can watch that interview at that time was very special … that makes cnbc look legit …. like they show both sides of the coin … sorry … i tried but my stomach was turning and couldn’t hold on for it.
If Steve waited 20 years to have you back … you must have made quite a negative impression even back then …. perhaps you were not as lost as you may have thought for nearly as many years as you may have thought.
the prophet
p.s. it is easy to be hard on yourself when you are comparing yourself to perfection.
Peter,
This is unrelated to the this article but relates to a previous one you’ve published on your blog.
I’d like to know more specifically why you believe that the Canadian banks were more prudent in the industry.
The news I’ve heard lately is that banking as a business was “broken” so all companies in that industry was doing the same bad things as the others that were hit the hardest.
While we may not have been as far gone in the credit madness as the US and UK, my personal experience had a few instances where people who were trying to purchase my “equity”. One during the calgary real estate boom was with some property flippers that had told me first hand that they had lender “friends” in the bank ready with paperwork to sign the papers, get the loan. I had a strong feeling their wasnt going to be much background checking and they told me pretty much flat out that they were doctoring appraisals & mortgage forms so I could borrow more. I asked myself what would happen if things tanked and figured i’d be holding the house and mortgage, so I stayed away from it. Glad now that i did.
so from this I concur that we may not have been as far along as the US but on the road to it if things had continued.
Is being late to the party the main reason why we are faring better today or can you tell me what was basically different from our system compared to the americans/european?
Daniel
Daniel You might find this interesting regarding Canadian banks
oops here it is http://watch.bnn.ca/#clip135214