Finance Mythbuster: Is Economic Growth Good for Investors?
Is Economic Growth Good for Investors? Jay R. Ritter A version of the paper can be found here. Want a summary of academic papers with alpha? [...]
Calling All Python Developers…
Master Shenglan, our former resident programming genius who has since left us for the riches of Wall Street, is in need of some help... [...]
Having Your Cake and Eating it Too: Tax Efficiency and Performance
Tax efficient asset management: Evidence from Equity Mutual Funds Investment taxes have a substantial impact on the performance of taxable mutual fund investors. Mutual funds can reduce the tax burdens of their [...]
Making Fun of Quantitative and Fundamental Investors
A video I made a few years ago, which pits an uber quantitative propeller-head geek against an overconfident ego-maniac fundamental investor. [youtube url="http://youtu.be/PaaBuZUeWfo"]
The Law of Large Numbers and Casino Earnings
"…Even the stupidest man knows by some instinct of nature…that the greater the number of confirming observations, the surer the conjecture." - Jacob Bernoulli In [...]
Speaking on Behavioral Finance near Cleveland, OH
Would love to see everyone. http://www.aaii.com/localchapters/pdfs/Cleveland%20140115.pdf
DeLong and Krugman: Legitimate BitCoin Bashers or Political Punditry?
Brad DeLong and Paul Krugman have joined in the bitcoin conversation: Watching Bitcoin, Dogecoin, Etc... http://equitablegrowth.org/2013/12/28/1466/watching-bitcoin-dogecoin-etc Bitcoin is Evil: http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/?_r=0 DeLong starts his tirade with [...]
Economic Calendar 12/30 to 1/03
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High Payout Ratios Predict Higher Earnings Growth–Huh?
Every quarter, boards across America wrestle with the complex question of dividend policy. Perhaps the company has excess cash that should be paid out as [...]
Macro Call! Gulf Coast Refiners Entering a Golden Age
The evolution of new horizontal drilling and fracking techniques has revolutionized production of oil in the U.S. The huge volume of light sweet production coming [...]
87,337th ranked blog in the United States
Well, it doesn't like such an achievement if you never pay attention to website rankings, but an Alexa rank of < 100,000 is a sign [...]
Weekly Economic Calendar 12/23 to 12/27
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AlphaBet ETFs
Vanguard's attempt at satire. Vanguard is expanding its ETF lineup with the introduction of the AlphaBet series of ETFs, an innovation in the ever-growing ETF [...]
Is Volatility for Misguided Geeks?
Warren Buffett doesn’t like it when people use volatility to measure risk. He succinctly describes his criticism: We bought The Washington Post Company at a [...]
So what exactly is a “bubble” anyway?
In the aftermath of the financial crisis, the term “bubble” has come into wide use in the financial press. The stock market bubble: The leveraged [...]
Financial News: Satisfying Your Need for Coherence
“Wall Street dips after data clouds view on Fed” was a headline from Reuters today. Sounds good, right? Think again. Daniel Kahneman, in his book, [...]
Weekly Economic Calendar 12/9 to 12/13
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Seth Klarman, Micron Technologies, and Risk Targeting
When Seth Klarman invests, people pay close attention. As the founder of the Baupost Group, which reportedly manages $28 billion, he has earned his reputation as as an [...]
High Frequency Trading is great for society!
Last week we transcribed some key sections from Jim Simons 2010 talk at MIT, “Mathematics, Common Sense, and Good Luck: My Life and Careers.” We transcribed [...]