Financial Markets
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Andrew Ross Sorkin Strives to Improve Markets by Blinding Them
“If politicians were constrained, they wouldn’t have privileged information in the first place. Will Sorkin write about that? It wouldn’t be a serious bet to place. Which is why there’s little reason to take his overwrought hand-wringing about ‘insider trading’ seriously.” ~ John Tamny
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Angst Over High Price-Earnings Levels Likely Misplaced
“Despite the severe disruptions and ‘creative destruction’ that occur from time to time, the returns to capital that fuel innovation and prosperity remain strong. The market is always efficient and fairly priced relative to what is known, but the market can also be above or below its long-term enduring norms for good and rational reasons.…
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Bitcoin’s Impressive Year in Perspective
“No matter what your opinion is on bitcoin, its financial returns are no longer astronomical. Plenty of upstarts, small caps, established companies and even other cryptocurrencies posted that kind of return in the strange financial year that was 2020. Welcome back to the lower troposphere, bitcoiners ‒ or as the rest of us call it:…
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Finance Memes and the Collective Influence of Young Retail Investors
“Much like all other behaviors associated with young retail investors, on their own, they seem reckless but collectively they help shift results in their favor. Sometimes they are simply the right choice despite expert opinion. These trends not only demonstrate an interesting short-term market force but also the permanent introduction of new demand side forces…
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Sovereign Debt After Covid-19: The Wrong View
“Like many others, I am concerned about the sovereign debt market in the wake of Covid-19. But providing more funds to governments committed to maintaining an unsustainable course is not a solution. These countries need serious institutional reforms.” ~ Nicolás Cachanosky
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Ten Remarkable Financial Events of 2020
“A year like 2020 educates another generation of traders and corporate managers, contributes to more robust market and exchange designs, and draws in innovators and risk-takers seeking to capitalize on the next crisis opportunity. Whatever 2021 has in store, it is unlikely to replicate financial market conditions witnessed throughout 2020.” ~ Peter C. Earle
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The Nanny State Comes for Robinhood
“Massachusetts’ regulatory intentions for Robinhood not only demonstrate a high level of disregard for the decision-making abilities of its citizens, but also a failure to understand the entity it seeks to regulate. The ongoing attempts to place onerous regulations on innovative companies like Robinhood in the name of the public interest are not only misinformed…
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Covid Policies Have Caused Industrial Consolidation
“Lockdowns have increased inequality, concentrated wealth, and hurt the poor in ways opponents of capitalism claim free markets do.” ~ Peter C. Earle & Fiona Harrigan
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Jim Simons and His Quants
We meet colorful characters, financial success, and business matches made in heaven — but also ceaseless struggling, heartbreaking losses, friendships, marriages, and partnerships with flourishing beginnings and abrupt endings.
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Investment Management for Mortals
Modern Portfolio Theory Part 10 | July 18, 2011 Overconfidence and self-deception are part of human nature. But knowing this opens the way to better decisions and wiser allocations. Donald […]
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Alternative Investments – MPT
Modern Portfolio Theory Part 9 | June 20, 2011 Non-traditional investments can strengthen individual portfolios. But they must satisfy three key criteria. by Donald R. Chambers, PhD, Research Associate
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Dynamic Asset Allocation Strategies
Modern Portfolio Theory Part 8 | May 16, 2011 There are only two reasons to reconsider target allocations. Neither are determined by outside circumstances. by Donald R. Chambers, PhD, Research […]
