One of the more common responses to the fact that inflation is low is the idea that the inflation is all in asset prices. So, for instance, if someone were [ … ]
I was reading this article in the NY Times about a wide ranging diet study. They performed a meticulously controlled test to study what type of diet works best. Their [ … ]
I have a general theory of happiness that can be roughly summarized as follows: “Human beings find happiness by finding affirmation in their existence.” Basically we are all wandering through [ … ]
If you take a basic finance course the first thing you learn about bonds is that bond prices are inversely correlated to interest rates. So, when rates rise bonds prices [ … ]
Should we pursue appropriate portfolios or optimal portfolios?
My newest research paper, Understanding Modern Portfolio Construction, is available on SSRN. This paper is the culmination of years of work and I consider it to be the most important piece of research I’ve published.
SSRN published their top 10 papers of 2015 and my paper Understanding the Modern Monetary System came in at #6. I’m incredibly humbled to be on a list like this [ … ]
If you didn’t pay much attention to the financial markets you’re in luck because it wasn’t a whole lot of fun. And if you didn’t read a single financial blog all year you’re also in luck because here’s a great round-up of some of the best items from the financial blogosphere:
Here are three things I think I think you should be reading: 1) Here’s a very smart piece by Jesse Livermore over at Philosophical Economics. Jesse questions the validity of [ … ]