On the Buy Side
They survived the financial Armageddon of 2008 with their careers, finances, and houses intact. So the question is: are the good times rolling again?
Before firms dole out holiday bonuses, we're taking a look at how a some leading strategists and money managers are budgeting. What they've bought, what they've held, and how generous they plan to be. Our roster today includes a Pimco portfolio manager, a president of a high net worth investment firm, and the chief economist of an institutional trading firm.
Tony Crescenzi, PIMCO Sr. VP, Portfolio Manager & Market Strategist
Most expensive shoes ever purchased: $250
Current shoes: $100, two years old
Transportation: 1997 BMW convertible with 87k miles purchased on eBay
iPhone: Four months old
Computer: 17-month old Dell laptop
Most expensive gift for self in last 12 months: $699 iPad
Ex-wife's haircuts: $150 & up — "especially at hair-coloring time"
Office gifts this holiday season? Cash
Clipping coupons? Definitely!
Michael Farr, CNBC Contributor, Farr, Miller & Washington President