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 [ … ]
Last week, other bloggers and I provided favorite reads for Tadas Viskanta and his terrific site, Abnormal Returns. There are a lot of good and helpful suggestions offered there. But I am seldom asked about books in a broader context — books that changed my overall thinking and thus necessarily changed how I view investing and the markets. The ten books shown in the gallery below did just that. They were (and are) particularly illuminating. I highly recommend them.
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.
Business Insider is running a cool feature on “books that changed our lives”. It covers 24 different opinions on different books. I had to laugh at the Macreconomics selection (the [ … ]