Bankers Anonymous

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My name is Michael Taylor. I founded Bankers Anonymous because, as a recovering banker, I believe that the gap between the financial world as I know it and the public discourse about finance is more than just a problem for a family trying to balance their checkbook, or politicians trying to score ...more
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ALL CONTRIBUTIONS

Social Security And The WEP
Monday, November 14, 2022 6:17 PM EDT
According to Social Security, about 2 million people are subject to something called the Windfall Elimination Provision (WEP) which reduces Social Security benefits in retirement.
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The Good Times
Friday, May 20, 2022 7:00 PM EDT
The US economy grew 5.7 percent in 2021, well above trend, nicely undoing the steep Covid recession of 2020 that shrunk the economy by 3.4 percent. Financial media doesn’t want to admit it, but these are the good times, right now.
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Book Review: The Four Pillars Of Investing
Wednesday, December 1, 2021 5:44 AM EDT
The four pillars of Bernstein’s title are the theory, history, psychology, and business of investing. Bernstein offers a lightning round – a mere 200 pages – describing what you need to know about these four topics.
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Welcome To The Metaverse
Monday, November 29, 2021 9:42 AM EDT
From the distance of the future, we will remember 2021 as the year the metaverse began to take shape. As the building blocks of this new world come into focus let’s begin with the obvious and timely.
In this article: META
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Public Service Announcement: Robinhood Is Not Your Friend
Sunday, February 21, 2021 8:00 PM EDT
We permit harmful vices all the time in a free society among consenting adults – but there should be warning labels and limits and deep discouragements and heavy taxes and all the speedbumps to prevent people from doing themselves much harm.
In this article: GME
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Don’t Forget International Stocks
Saturday, October 31, 2020 5:02 AM EDT
What exactly is the point of investing in international stocks, especially those that just seem to do worse than US stocks over a decade?
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Comments

Latest Comments
The Illusion Of Democracy
8 years ago

Thanks for reading! At this point I don't know of any real option for creating 'shareholder democracy,' whatever that would look like. I guess I am saying 'withhold the proxy,' even though it doesn't do any good either way.

If You Like Feral Cats You’ll Love Compound Interest
8 years ago

Thanks Tessa! Everything on the internet deserves kitten pictures, amiright?

Give To Harvard?
8 years ago
Picking nits here, but El-Erian is Egyptian, not American
In this article: GSK, PT, RBS, RDY, VE, BDRAF, BVNKF, DGRLY, GBTZF, OROCF, PDYPF, TCTZF, TEVA
Options Trading Part I – NFW Edition
8 years ago
You're welcome. Part 2 up here. http://www.bankers-anonymous.com/blog/options-trading-part-ii-the-currency-of-options/ Part 3 up in another day or two.
1 to 4 of 4 comments

STOCKS I FOLLOW

K Kellogg Company

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PERSONAL BLOG

Latest Posts
Pinning President Trump
Like everyone, I honestly don’t know what’s going to happen with Trump. I have a grim theory, which I lay out at the end of this post.
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Bankers Anonymous: About Me
My goal here is to be that guy, the one you wish you knew who worked inside Wall Street, left the business, and is willing to talk about it.
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Work Experience

Founder
Bankers-Anonymous
June 2012 - Present (11 years 2 months)
Podcast and Blog with finance professionals about finance, but aimed at non-finance folks.
Founder
Cedarcrest Capital LLC
March 2004 - Present (19 years 7 months)
Vice President
Goldman Sachs
December 1997 - February 2004 (6 years 4 months)
Fixed Income Sales
Consultant
Orion Consultants
July 1996 - October 1997 (1 year 4 months)

Education

Harvard College
Bachelor of Arts (BA)
1991 / 1995
Social Studies<br/>
Armand Hammer United World College
International Baccalaureate
1989 / 1991

Publications