Portfolio manager Cale Smith on investing, Spoke Funds®, and Islamorada in the Florida Keys.

An insightful Bloomberg video about the number of Wall Street lobbyists currently swarming over D.C.:

Here are some highlights:

Citigroup – 46 lobbyists
Chamber of Commerce – 46 lobbyists
American Bankers Association – 44 lobbyists
Prudential – 41 lobbyists
Goldman Sachs – 29 lobbyists
American Insurance Association – 29 lobbyists
Charles Schwab – 28 lobbyists
Investment Company Institute – 28 lobbyists

That last one, ICI, is the lobbying arm of the mutual fund industry.

The summary:

Total number of lobbyists representing Wall Street: 1479
Total number of lobbyists representing investors: 58
Ratio: 25 to 1

H/t Tyler Durden and Shopyield.com.