From engineering financial instruments to building the world's biggest Ferris wheel, climb aboard with Matt Chaban for former Bear Stearns Asset Management CEO Richard Marin's wild ride.

Former Wells Fargo Chairman Dick Kovacevich will not abide arguments that the U.S. government bailed out his bank, especially not in his country club's men's dining room.

Large firms such as BlackRock are best positioned to take advantage of JOBS Act provisions that would lift the ban on advertising by private investment firms, Bloomberg reports. One reason: bigger money managers already have marketers on staff to work on products such as mutual funds.

Best Buy founder Richard Schulze is pressing ahead with plans to take the firm private, Reuters says.

The developing world needs Wall Street, but Chelsea Clinton doesn't, the former first daughter told Bloomberg. “It was incredibly, fiercely meritocratic, and I loved that,” said Ms. Clinton, who worked at Avenue Capital from 2006 to 2009 before leaving to pursue degrees in public health. “That wasn’t the metric I wanted to judge my life by in a professional sense.”

The children of billionaire Charlie Munger—Warren Buffett's business partner—are dogging California Governor Jerry Brown's re-election campaign.

Politicians are stretching the truth to paint their opponents with the Wall Street brush.

About 2,400 "jobless millionaires" are collecting unemployment checks, according to The New York Post.

Thinning hair = weak; bald pate = powerful, according to a Wharton prof.

Bloomberg reports that Munger, speaking at the University of Michigan last week, said that people who're suffering in the current economic climate should "suck it in and cope." After praising bank bailouts, he breaks out this little gem: "Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies."

Saying that the economy would have been much worse without the bailout, and so "I think when you have troubles like that you shouldn't be bitching about a little bailout."

Then he said that Germany in the 1920s didn't manage its de-stabilized economy effectively, and what happened next? "We ended up with Adolf Hitler."

Money where Warren Buffett says, "What we see in our residential brokerage business is a slowdown everyplace, most dramatically in the formerly hottest markets."

Berkshire Hathaway vice chairman Charles Munger adds: "There is a lot of ridiculous credit being extended in the U.S. housing sector."

Now, they're talking mainly about Florida here; still, it's Warren Buffett, not exactly a slouch in the investment business.

-Matthew Grace