If you peruse the Wikipedia entries that describe some of the world's great investors, you'll often find that they share a common footnote: a series of books entitled "The Market Wizards" which feature Jack Schwager's profiles of a number of … Read more
6 CommentsToday’s most shared: Yellen calls for banks to hold more capital. The new Euroskeptics. Are less liquid markets safer? High rents…Owners equivalent rent poised to boost CPI. Getting China’s urbanization right. NYSE looks to tune up technology, speed matching. Why … Read more
Leave a CommentToday’s most shared: Rising rents may drive inflation reports, inequality debate. Reforming stock trading. Disrupting wealth management. Frequently asked questions on a China property glut. The death of mortgage lending. Are hedge funds shock absorbers of financial volatility, or sources … Read more
Leave a CommentToday’s most shared: El-Erian calls for more coordinated, aggressive policy intervention as ECB prepares for unconventional monetary policy. Possible flood of HFT lawsuits, regulation gets underway as Michael Lewis pushes back against critics. Facebook targets payments, Amazon to release phone … Read more
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Diversification is one of the most fundamental yet misunderstood concepts in investment management. I will begin with a basic and hopefully intuitive discussion of the principles of diversification and the mechanics by which it works. Then, I will provide a more … Read more
Leave a CommentToday’s most shared: Is it the start of a broader downturn as leading stocks turn lower? SEC moves to pilot wider tick sizes, ‘trade-at’ rule forcing dark pools to route some trades to exchanges. Fears of hyperinflation haven’t quite panned … Read more
Leave a CommentToday’s most shared: How big a mess is Bill Gross’s Pimco? Bond king does damage control in Bloomberg BusinessWeek profile. A new gilded age. Case in point: Och-Ziff’s $119m man. How the SEC let banks off with a wrist-slap on … Read more
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We may believe that inflation is a relatively new phenomenon, one from the time of the birth of coins and currencies. But evidence just revealed this week proves that Albert Einstein was correct in suggesting that it was present in the … Read more
Leave a CommentToday’s most shared: Does SEC police Wall Street ‘broken windows’ at street level and ignore highway robbery? Big banks must add up to $68b in capital as new regulatory capital rule is adopted. Warren Buffett has underperformed S&P in last … Read more
Leave a CommentToday’s most shared: SEC ‘polices the broken windows on the street level and rarely goes to the penthouse floors,’ says retiring lawyer who pushed for charges against Goldman officials. Are LBO firms double-dipping with excess charges to portfolio companies? Most … Read more
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