Ron Rimkus, CFA

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Ron Rimkus, CFA, is a content director at CFA Institute, where he focuses on economics and alternative investments. Previously, he served as CEO at the online technology company he founded, Chaos Management, Inc. Prior to founding Chaos Management, Rimkus served as director of large-cap equity products for BB&T Asset Management, where he led a team of research analysts, regional portfolio managers, client service specialists, and marketing staff. He also served as a senior vice president and lead portfolio manager of large-cap equity products at Mesirow Financial. Rimkus earned a bachelor of arts holds a BA in economics from Brown University and an MBA from the UCLA Anderson School of Management. Topical Expertise: Alternative Investments · Economics

Warren Buffett Is Wrong: The Bitcoin Proof

The-Bitcoin-Proof-Warren-Buffett-Is-Wrong

When I first took a serious look at bitcoin, I focused on its potential as a currency. It was hard not to notice the enthusiasm for bitcoin among a number of its proponents. But I balked nevertheless. I felt that bitcoin would have a common enemy in governments around the world, implying that it would be outlawed, burdened with onerous regulation, taxed, or otherwise butchered beyond recognition by policy. Read more

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Best of 2014: Economics, Capital Flows, and Innovation

Best of 2014: Economics, Capital Flows, and Innovation

Every year at this time, we reflect back on the events of the last 12 months and take inventory. This year (2014) will likely go down in history as a pivotal transition year. The status quo is shifting. We are leaving behind the post-crisis global economic recovery, the resource shortages caused by the rise of emerging markets, as well as the policy aftermath of the financial crisis of 2008, and embracing something new. Enough time has passed and the telltale signs of change are all around us. Read more

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Connecting the Dots: From US Shale Oil to London Real Estate

Connecting the Dots: From US Shale Oil to London Real Estate

What do the US shale oil play and London real estate have in common? A lot, it turns out. And if oil prices keep falling, the London (and for that matter Paris) property bubble(s) will burst. So, if you want to avoid the carnage or short real estate bubbles, builders, or banks in Europe, focus on the US energy sector and OPEC. Many investors are blinded by too narrow a focus, something I call micro-macro bias. Read more

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Turning Points: The Status Quo Is Changing

Turning Points: The Status Quo Is Changing

The status quo is changing markedly. Oil prices are heading south as the United States ramps up production and OPEC refuses to cut to compensate. Moreover, global demand is looking sluggish with weakening growth in Europe, Japan, and China. The weakening of Chinese demand suggests that there could be a regime change taking place whereby the global driver of commodity demand is declining at precisely the moment when the expansion of global supplies is finally arriving. Read more

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Everything Is a Meme

Everything Is a Meme

When certain memes appeal to our belief system, we expose ourselves to a wide range of behavioral psychology problems ranging from confirmation bias, to framing, to social proof, to authority influence, to meme validation, to cognitive dissonance. The list goes on and on. In short, a well-constructed meme can make us gullible. Read more

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