Sometimes as you do your requisite due diligence before you invest with a person or in a company you find startling or outlandish indicators that can be either good or bad.
Hopefully you will pay attention to the name of the person or the company, doing so could shorten the due diligence process offering a short cut.
Sometimes, not always, the name says It all.
I once invested a small amount of speculative capital with a company that was abbreviated SOL. Guess what happened?
Let me tell you about a high flying stock recently suspended by the SEC. Yesterday it resumed trading. The company symbol was CYNK. This amazing stock had gone from nothing but another of the public company to the biggest gainer of the month. It was another company with a symbols but no operations to speak of. Somehow it became a stock trading huge volume. The SEC suspended CYNK for a couple of weeks and it reopened yesterday. What do you think happened? YesserieBob it sure did sink. It once traded north of $20 per share and after the recent suspension it was about $2 at close today and its headed to zero. It was all in the name.
Say an investment manager with a great track record gets recommended to you by a friend to manage your money. His returns for other investors have been outstanding. Maybe a little too good. He gets your money and the money of lots of other investors and guess what he did with the money? Madoff.
Let’s not forget about the king of corporate blackmail, Carl I-con. Guess what he does for a living?
Now you are starting to get the hang of it. It is all in the name.
Don’t put any money with a guy named Skip or Rob. I would not trust any bank with a guys first name. It just doesn’t sound substantial to say I bank at George or Bill (even if it is spelled Beal). Sometimes the Bank of Serta is a perfect place.
If you plan to go into the investment or other financial service business and your name is Richard, please go by Rich. If you want an adult movie career there may be a better option.
This name thing can also be a good teach for young couples picking a name for their children. If you want a daughter to be well off don’t name her Penny but if you name your boy Buck, you can’t go wrong.
Last names with the word gold in them seem to do well financially. With gold in the first name I am not so sure. I went to school with a guy named Golden and his life had a lot of highs and lows much like the price of gold. Goldman as a first name may work. It has done well as a last name for Goldman of Goldman Sachs. It would be much better first name choice than Sachs I think. “Hey Sachs hurry up and bag those groceries, their is a cleanup on isle 7″.
If you wanted to pick a young man that was almost certain of success find a guy named Richard (Rich) Buck Goldman and you can bet he will do okay.
I might even put some money with him unless he works for Icahn..