One of the big stories inside the investment community over the past 18 months is the announcement by the California Public Employees Retirement System (CalPERS) that they are eliminating their…
…the orders that come through with almost no errors. And that’s just their day job – all of them are key, voting members of the Investment Committee that work on…
…comparing the Shiller PE ratio with Tobin’s Q (this sounds exotic, but simply compares the value of the company to the replacement cost of all of their physical assets). There’s…
…billion in assets under management. The fund is still enormous and is at levels about like 2011, but the combination of poor performance, asset outflow and trouble at the top…
…poster-child of internet bubble mentality that I know its premise. The authors argued that investors would finally come to realize that stocks aren’t risky, would no longer require additional compensation…
…normal levels and the forecast volatility doesn’t really come to pass. There are a few instances where realized volatility is higher than the forecast, but that’s pretty uncommon. This may…
…not even come close to lowering interest rates to negative levels. In fact, I hope they stand pat and do nothing at this point – I hope they keep rates…
…been marginally higher than average heading into the election, but not much above normal levels. Foreign markets weren’t as strong, partly because the dollar gained versus foreign currencies throughout the…
…transaction data in the repo market for Treasury Securities. The major improvements come from the new rate being harder to manipulate because it comes from real transaction data instead of…
…simply let Van der Eb office at GAMCO’s headquarters. I hope that when my day comes, the Young Turks running Acropolis will put me out to pasture kindly. I’ll come…
