Categories

Pragmatic Capitalism

Practical Views on Money & Finance

Latest Posts
Recommended Reading

Latest Posts

ajax-loader

SNAFU

Count on the flu to strike right when the North Koreans hack into my website and try to hold me hostage for ransom. They insisted that I must be incredibly wealthy because I understand money, but I assured them that wasn’t the case. Luckily, they accept dogs and chickens as a means of payment so… Read More

More on Falling Global Income Inequality

A few more thoughts on the income inequality chart I posted earlier. The strange thing about the rising inequality debate is that people often use it to imply that capitalism isn’t working or that the world is becoming a worse place than it once was. But this is extremely misleading. Yes, while domestic inequality is rising… Read More

When Hedge Funds Don’t Hedge

Here’s a tragic story about a hedge fund manager who lost $100MM in client assets: “Li said in the letter that he made a series of “aggressive transactions” over the last three weeks to make up for poor returns in December. He said he bet on stock price options, predicated on the broader market rising.… Read More

Global Income Inequality is Falling

Wealth and income inequality has become the big issue of the day. And with Thomas Piketty’s new book it’s become THE hottest topic in economics. But I fear that much of this discussion looks like one gigantic fallacy of composition. Last year when I wrote my review of Piketty’s book I criticized him for not… Read More

ajax-loader