Ten years ago, things were mostly quiet. I was following it for a firm that was considering doing the “big short” but could not figure out an effective way to do it in a way consistent with the culture and personnel of the firm.asset bank crisis lending leverage losses mortgage regulators subprime things
Assuming that you could throw stones on the financial internet, it would be hard to toss a stone and miss articles talking about how high the stock market is. As I have said before, “Nothing brings out the financial worst in people like the lure of seemingly free money.” Eventually those trades sting those that stay at the party too long.asset bonds Demographics indexes inflation market money stock stronger WSJ
Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.Committee economic expect federal funds funds rate inflation labor market market conditions monetary policy remain
Investment entities, both people and institutions, often say one thing and mean another with respect to risk. For the individual, that attempts to measure the amount needed to meet future obligations where future investment earnings are calculated at a conservative level — my initial rule of thumb is no more than 1% above the 10-year Treasury yield.assets crisis investment liabilities liquidity market meet money net surplus
If you are famous and dead, many people will attribute clever sayings to you that you never said. Now, if Einstein didn’t do enough for us, he supposedly made many statements praising compound interest, but the articles I have seen haven’t been able to trace it back to an original source.approximation compound constant double doubling Einstein interest money rate years
Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen even as growth in economic activity slowed. Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.Committee developments economic federal funds funds rate inflation labor market longer market conditions remain
I lost this post once already, hopefully it will be better-written this time.
Move your return expectations down, and diversify away from the US; there are better returns abroad — but remember, there are good reasons for home bias, so choose your foreign investments with care.endowment forecast give investments Model normal past returns stock year
Why do new asset classes work very well for a time and then fail?
People don’t need assets as much as they need streams of income derived from the assets (dividends, capital gains) that allow them to purchase the goods and services that they want and need.Adversarial CFA ignorance professing regulated regulation things unavoidable valuable wrong
There’s a lot of bits and bytes spilled in the war between Elliott Associates (and those that favor their position) and the current board of Arconic. I want to point out a few things, having held Alcoa since prior to the breakup, and added to my positions in both new Alcoa and Arconic post-breakup.Alcoa Arconic board breakup card existing improve proxy things vote
This set of posts is unique in going through how the insurance entities of Berkshire Hathaway allow Buffett to hold as much as he does of his stocks/businesses through his insurance companies. If there are no good deals, profitable investing sits on cash, and waits for a better day.complain explains factor fail Harney investment lose publicly secretive Trust
This will be a short post, though I want to toss this question out to readers: what investment strategies do you know of that are simple, and work on average over the long-term?
I chose these because they are simple.button hit Investing management momentum necessarily publish things training volatility