Several different newspapers have carried articles that suggest when corporate CEOs buy lavish homes, the fortunes of their companies plummet. In contract, Warren Buffet is said to still live in the home he bought for less than $100,000.
IF this is true, what about other occupations? Hedge fund traders and stock market darlings are spending lavishly, especially at Bonus Time. I hear that January is one of the best months for upscale homes on Long Island and Connecticut that are NY "suburbs". Bonuses are more significant than the bad weather. Do their funds continue to thrive after these purchases?
