A Surprisingly Efficient Market
…out inefficiencies like the one in the story. There’s a lot of competition in markets, even the supposedly inefficient corners like small cap, emerging markets or distressed debt. That competition…
…out inefficiencies like the one in the story. There’s a lot of competition in markets, even the supposedly inefficient corners like small cap, emerging markets or distressed debt. That competition…
…launched an expensive cell phone that allowed them to turn into a $3 trillion company (one company, worth about a third of all of the bonds owned by the Federal…
Warren Buffett is rightly considered the most successful investor of all-time. Not only has his holding company, Berkshire Hathaway, grown at a much higher rate than the overall market, he’s…
…is comprised of financial and non-financial components. The S&P 500, the spread between the yield on the 10-year Treasury and Fed funds, and the leading credit index are all financial…
…45.46 percent this year through yesterday. In this context, it’s interesting that one of the common debates in academia is whether or not the small cap premium really exists. Last…
…differential when over the next eight months (February through September), large-cap stocks made 5.6 percent while small cap stocks lost -11.7 percent. Even if you aren’t following all of the…
I’d like to meet the person in Washington who comes up with the silly names for laws just for the purpose of creating a catchy acronym. Case in point is…
…this much money on a $39 widget in the real world. The right-hand column shows a highly simplified profit/loss statement for each company in the supply chain. Let’s start with…
…really happy. With longevity insurance, you make premium payments, but instead of a payment upon death, you get a stream of income starting when you turn 85. If you don’t…
…the Fed was data dependent. As a result of their combined comments, the market now put the odds of a September rate hike at 36 percent, from 21 percent previously….