Prior to joining Morgan Stanley as vice chairman, Wealth Management, in April 2013, Gary Kaminsky was CNBC's Capital Markets Editor and a regular contributor to "Squawk Box" and "Squawk on the Street." One of the original guest hosts of "Squawk Box," Kaminsky has brought essential market insight to CNBC since he joined the network 20 years ago.
From 1990 to 1992, he was an analyst at J.R.O. Associates, a New York hedge fund. In 1992 he joined Cowen & Company as a portfolio manager in the Private Banking Department and became a partner in 1996. Assets co-advised by Kaminsky rose from $200 million to $1.3 billion between 1992 and 1999. Cowen & Company was sold to Societe Generale in July 1998. In May of 1999, Kaminsky and his team joined Neuberger Berman LLC. Under his management, "Team Kaminsky" grew from approximately $2 billion AUM into $13 billion at the time of his retirement in June 2008.
Kaminsky is a 1986 graduate of the Newhouse Communications School at Syracuse University, where he received a B.S. in radio/TV/film management. He later completed an M.B.A. in finance from The Stern School of Business, New York University, in 1990.
Kaminsky is also the author of 2010's "Smarter Than the Street: Invest and Make Money in Any Market."
Apple merits a home in any portfolio, even if buying it is anathema to all your instincts as an investor. But for those who are transfixed by nominal stock prices and don't want to shell out the cash (classic retail mistake), there are derivative plays off Apple that are less capital-intensive.
Say it together now: stocks are not bonds. You don't buy them purely for income. But if you must, there is one name that's titillating my inner yield hog. If you're looking to double down on dividends, my call-to-action is to consider Public Storage, and here's why:
Wanna know why you can't beat the market? Because you continue to own names like IBM and Bank of America — great companies for sure, but terrible stocks that are owned by the worst kind of investor, the "closet indexer." If you're ready to try to beat the market, then my call to action will certainly sound bold...
In order to keep its dominant position, search giant Google must continue to pay for talent, something that is already weighing on the bottom line. It's stranglehold on search is coming under attack by rivals such as Microsoft's Bing.
If the core banking franchise holds steady, the only real risk to Goldman's growth will be the cost of that expansion. Talent costs money, and hiring the best bankers could eventually weigh on Goldman's return on equity.
Here's something you can bank on. If the financials don't trade higher, this market is going nowhere fast.
Add Clorox to the "One Decision" stock member club because this company is so strong that the thought of selling won't enter your mind.
There are few things more important than a healthy IPO market. Successful IPOs instill confidence in investors and CEOs alike. It's a sign that new capital is looking to enter the market.