I don’t know what it will take for more people to take behavioral finance seriously and assimilate it into their work, but I do think that day is coming. Here’s to hoping it doesn’t take another 2008 style slap upside our economic head to get us there.
Has Housing Seen Its Peak?
“Many have anticipated that the large institutional investors backed by private equity would start winding down their purchases of homes to rent, and the January sales numbers provide early evidence this is happening,”
Thoughts on Buffett’s Annual Letter
Like many other investing pigs, March 1st is when I feed at the trough of Warren Buffett. His annual letter to shareholders is and always has been one of the best reads of the year.
Could the Fed Have Avoided 2008?
The 2008 recession was going to happen whether the Fed wanted it to or not.
Rail Traffic Continuing Sluggish 2014 Trend
Rail traffic, like the rest of the US economy, appears to be off to a positive, but sluggish start.
Is China Set for its Own “Lost Decade”?
Remember the big boom in Chinese stocks a few years back? Chinese stocks were all the rage, new Chinese ETFs were cropping up and famous investors were pounding the table on the coming China boom. And then it all came crashing down.
Chart of the Day: Both Sides of the Ledger
One of the most important things you learn when you start to think of the world in a macro way is that you start looking at both sides of the ledger before making sweeping conclusions. This helps you to avoid falling victim to a fallacy of composition.
Chasing Our Own Tails
Chasing your own tail is the wrong way to pick mutual funds….
Booms & Busts are Inherent to Capitalist Systems
One common theme I read in Austrian economics is the idea that fiat money is inherently unstable because it leads to booms and busts. Therefore, it must collapse at some point. For instance, I was reading this piece on Mises.org which argues that the cause of the boom/bust cycle is fiat money: