Financial Markets

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Gary Galles

Business schools now often tell students that shareholders are socially irresponsible by seeking only profit and ignoring the “stakeholders in the community.” But in practice, owners must be respectful of many outside groups (such as employees and vendors), to be profitable.

Mark Thornton

Not only are stock markets near all time highs, the amount of margin debt is also at all time highs. Margin debt is money borrowed to leverage the purchasing power of portfolios.