Thornburg Funds has a new report out on understanding your real, real returns and it’s fantastic. I discuss this topic in detail in my book, but they do a much better job covering [ … ]
Category: How Things Work
A Cheat Sheet for Understanding the Different Schools of Economics
Ever wanted a basic overview of the various schools of economics? Of course you didn’t, but I will give it to you anyhow.
The Stock Market isn’t Where you Get Rich
You’re much more likely to become wealthy investing in your own ability to generate future production than you are by buying an asset that was actually someone else’s investment.
Bank Lending is Primarily a Demand Side Issue
when we think of banking it’s really better to think of it as being a demand side issue. If you start from the supply side you’ll likely get confused.
New Primer on SSRN – Understanding Quantitative Easing
New white paper of mine at SSRN on QE. It’s a brief primer that offers a succinct undertanding of QE and debunks some misunderstandings…
Is a House Really a Good “Investment”?
I’ve had this post queued up for three months debating whether to post it or not because I know it will ruffle a lot of feathers. Then I read this [ … ]
Is the Stock Market a Zero Sum Game?
I got this question in the forum over the weekend and I think it’s an important one since I seem to get it quite often. It’s interesting to note that [ … ]
Understanding Moneyness
Moneyness: Refers to how pure a particular type of asset or financial asset is in meeting the definition of “money” as a means of final payment.
Where Does “Cash” Come From?
There’s this obsession with physical money in life. I don’t know where it comes from or why it persists, but it does. I guess maybe it’s the sense of security [ … ]